Wynnchurch Capital portfolio company Foam Holdings has acquired US-based Fabricated Packaging Materials (FPM) for an undisclosed sum.
Based in Lancaster, Ohio, FPM is involved in the manufacturing and fabrication of block moulded expanded polystyrene (EPS). Established in 1989, the company is mainly focused on the manufacturing of tight tolerance EPS.
FPM’s product portfolio consists of original equipment manufacturer (OEM) components, construction materials and packaging solutions. FPM manufactures thermal box liners for protection and insulation, foam cradles for cylindrical shapes and rigid pipe insulation for various temperature ranges.
According to the company, EPS box liners offer a variety of advantages over custom moulded coolers for transporting temperature-sensitive products. They can be customised to be used for any size box.
In addition, EPS box liners can be manufactured in any quantity without using expensive tooling for moulds, stated the company.
Foam Holdings CEO Greg Silvestri said: “FPM is a strong fit with Foam Holdings and extends our footprint in our core market, as we continue to build a best-in-class solutions provider for our customers.
“We believe FPM is highly strategic as we strive to provide our customers with industry-leading customer service, and we are excited to add FPM to our growing material solutions platform.”
Foam Holdings supplies custom EPS, expanded polypropylene and ARCEL products to customers in the US and Mexico.
The company offers shape and block moulded materials for the packaging, appliance, building products, cold chain, automotive, consumer and other general industrial end-markets.