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Nefab Group completes acquisition of Precision Formed Plastics, Inc. to strengthen its global market position in sustainable thermoformed cushioning solutions

Apr 02, 2024•over 1 year ago

Acquiring Company

Nefab Group

Acquired Company

Precision Formed Plastics

JönköpingIrvingSupply Chain ManagementLogisticsOil And GasManufacturingManufacturing

Description

Nefab Group, through Nefab Packaging, Inc. USA, has acquired Precision Formed Plastics, Inc., a Texas-based group specializing in high quality thermoformed cushioning solutions made from recycled plastics. This strategic acquisition further strengthens Nefab's market position in the Americas and its commitment to saving resources in supply chains, expanding its portfolio of sustainable solutions and in-house production capacity.

Company Information

Company

Nefab Group

Location

Jönköping, Jönköping, Sweden

About

Nefab Group optimizes supply chains and creates smarter packaging and logistics solutions while respecting high ethical standards. With over 75 years of experience and a global presence in more than 38 countries, Nefab offers sustainable solutions to industries such as Telecom, Datacom, Semicon, Energy, Healthcare equipment, Mining & Construction, and LiB & E-mobility.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed