Nefab acquires PolyFlex to expand its returnable packaging solutions

Nefab Group AB has acquired PolyFlex Products, Inc., a prominent American industry leader specializing in environmentally friendly returnable solutions, to further strengthen its global market position and commitment to saving resources in supply chains. 

In the last couple of years, Nefab has acquired a number of leading companies in the areas of thermoforming and sustainable packaging solutions.

With the addition of PolyFlex, a leading industrial packaging company with operations in four locations in the central US, and a presence in Leon Guanajuato Mexico, Nefab's global portfolio and know-how are further strengthened.

PolyFlex specializes in highly engineered returnable and plastic solutions and has more than 20 years of history supporting large industry customers with packaging-related products.

Per Öhagen, President and CEO of Nefab Group, said: Through this strategic acquisition, we further strengthen Nefab's market position in the Americas and in the important lithium-ion battery (LiB) and E-mobility segments. Our strengthened market presence and extended portfolio of innovative and returnable solutions will enable us to serve our customers even better. With the acquisition of PolyFlex, we further strengthen our ability to serve global and American customers with comprehensive and sustainable packaging solutions and logistics services that generate both financial and environmental savings. We are happy to welcome the PolyFlex team to the Nefab Group.

With the acquisition of PolyFlex, the Nefab Group will have over 4500 employees spread across 35 countries, with a yearly turnover of over 10 BSEK.

Mark Kirchmer, CEO of PolyFlex, said: We are honoured to join the Nefab Group and together strengthen their world leading position in sustainable and innovative packaging and logistic solutions. Nefab's global scale, customer-focus, and strong commitment to saving resources resonate very well with our core values, and we look forward to continued growth together.

Darrell Tiedeman, COO at PolyFlex, said: We are excited to be part of the Nefab Group and support their purpose and value proposition on a global scale. Our Americas market presence, competitive portfolio, and engineering know-how complement the Nefab strategy in a good way, and we look forward to continuing our growth journey together in the Americas and globally.