AUSTIN, Texas, Feb. 24, 2017 /PRNewswire/ -- Austin Foam
Plastics, Inc. (AFP, Inc.), a leading provider of integrated
engineered packaging solutions, announces its acquisition of
Springfield, MO's Engineered
Packaging Inc.'s (EPI) protective packaging division.
Over a 26 year period, EPI, which is owned and led by
Mr. Jim Stout, successfully built a
strong business in the custom engineered packaging space by
creating a customer-centric culture. AFP will continue to
stay aligned with Mr. Stout as he begins to explore his retirement.
As a result of the acquisition, AFP strengthens its ability to
serve existing customers in the Midwest and is strategically
positioned for growth.
Greg Peden, Senior VP Emerging Business
Development, says, "AFP recognized strong relationships with
customers and vendors, overlaps in core competencies, integration
of technologies, and expansion of converting capabilities, in a new
geography we were not currently serving."
EPI will continue to operate their Temperature Controlled
Packaging Division and AFP will assume the protective packaging,
distribution and returnable/consumable lines of business. AFP
looks forward to serving product manufacturer's packaging needs and
growing customer relationships in the greater Midwest.
About Austin Foam Plastics, Inc.
AFP designs, produces, manufactures, and sources protective
packaging for product manufacturers in retail and direct shipping
environments. Our products include corrugated, foam, molded
pulp and crating. AFP is a family-owned and operated
enterprise, founded in 1978 and in February
2017, became a WBENC-Certified Women's Business Enterprise.
Prior to this acquisition, AFP had five facilities across
the United States: Austin TX (HQ), Dallas (Carrollton) TX, El
Paso TX, Columbus OH and
Nashville (La Vergne) TN and a global presence throughout
Asia and Mexico.
AFP is interested in exploring further growth opportunities and
partnerships, including acquisitions and investment in valued
employees to facilitate strategic initiatives. To learn more about
us, please visit www.a-f-p.com.
If you would like more information about this topic, please
contact Gwendolyn Pyle at
512-251-6300 or email at 147877@email4pr.com.
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SOURCE AFP, Inc.