Taking from each company’s wealth of experience in the personal care industry, AGI-Shorewood is set to serve the beauty and personal care, cosmetics and fragrance, healthcare and pharmaceuticals industry amongst others.
Mike Ukropina, CEO of AGI-Shorewood, is excited to be at the helm of the new company; “We intend to be recognised as the best global specialty-packaging business in our markets”, he added.
The announcement comes after the firm closed its agreement with International Paper to combine their consumer packaging solutions businesses.
The merge is consistent with Atlas Holdings' investment approach of purchasing and successfully transitioning divisions of larger corporate parents into strong independent companies.
"We acquired AGI from MeadWestvaco in 2010. The combination with Shorewood, creates an independent company focused exclusively on bringing specialty packaging solutions to its customers. In our experience, this focus helps enable superior outcomes for customers, employees and ultimately, investors”, says Ukropina.
With both companies boasting a portfolio of clients including P&G, L’Oreal, Unilever, Estee Lauder and Revlon, Ukropina feels that the merge will provide a higher standard of service to the industry.
“As AGI-Shorewood, we become a much more capable supplier, providing a breadth of product, service and creative offerings that is unparalleled. This combination of resources and capabilities will bring real value to our key customers on four continents.”
Once the transaction is complete, the new company will employ nearly 4,000 people and will operate 24 manufacturing facilities around the world. In addition, AGI-Shorewood will be a nimble supplier, strategically focused on its key consumer packaging.
“Our creative group is always experimenting with textures, inks, and designs to differentiate our customer’s brands, drive sales and improve their positions in the competitive personal care marketplace”, concluded Ukropina.