SEALED AIR CORP. has acquired Automated Packaging Systems (APS), a leading manufacturer of automated bagging systems, for $510 million. APS provides full flexible packaging systems, including equipment, sustainable materials and technical services. Known for inventing Autobag bagging machines and pre-opened bags on a roll, APS also offers three recycled film solutions under the EarthAware brand. Founded in 1962 with headquarters in Streetsboro, Ohio, APS employs more than 1,200 people, serves customers in more than 60 countries and operates seven manufacturing sites in the U.S. and U.K. In 2018, APS generated $290 million in sales, an increase of approximately 10% year over year. "The addition of APS is well aligned with our Reinvent SEE goal of doubling our innovation rate over the next five years," said Ted Doheny, Sealed Air president and CEO. "This transaction expands the breadth of our automated solutions and sustainable packaging offerings, giving us access to growth opportunities in the markets we serve."
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