Citing a desire to concentrate on European sales,Superfos a/s, Taastrup, Denmark, said it agreed to sell its U.S. plastic food packaging business,Superfos Inc., Cumberland, Md., for $82 million toBerry Plastics Corp., Evansville, Ind. Officials said they expect to close the deal by February 2010.
Mid Oaks Investments LLC, Buffalo Grove, Ill., said it acquiredC&M Fine Pack, Inc., a San Bernardino, Calif.-based supplier of value-added food packaging to the North American restaurant, food service, food processing and retail industries. Mid-Oaks said it will integrate C&M Fine Pack with its other packaging businesses, Dispozo Products LLC, Fountain Inn, S.C., andWilkinson Industries, Fort Calhoun, Neb.
Officials said the three businesses will have combined revenue of more than $300 million.
Wayne Kocourek is Mid Oaks' chairman & CEO.
“C&M Fine Pack is a well respected industry leader with a large selection of stock products like containers, plates, bowls and trays as well as an impressive ability to customize products to meet the unique needs of its customers," he said. "In combination with our current business that manufactures disposable containers, cutlery, straws and meal kits, our company has become uniquely capable of serving the marketplace."