Scotia Investments acquires Molded Fiber Technologies
Monica FergusonCleantech Canada Food Food & Beverage Packaging growing demand market leaders Molded Fiber Technology pulp protective packaging recyclable packaging
Scotia Investments, CKF and UFP Technologies reached an agreement that CKF will acquire UFP’s Molded Fiber Technology. The new corporate entity will be known as MFT-CKF. MFT’s industry stature together with the growing demand for recyclable packaging.
“We are excited to be joining forces with the team at MFT,”said Ian Anderson, president, CKF. “As proven market leaders in the production of molded pulp protective packaging, they are known by their customers and industry peers for their quality products, technological innovation, and their focus on sustainability. MFT’s products are complementary to our core competencies. Together, our employees, the products we make and the customers we serve are well aligned and we look forward to working with the team at MFT to support their growth while deepening and broadening our reach into the US market.”