Nefab Group Acquires Polyfex

Nefab Group Acquires PolyFlex Nefab Group AB acquires PolyFlex Products, Inc., which specializes in eco-friendly returnable solutions, to further strengthen its global market position and commitment to saving resources in its supply chains. Per Öhagen, President and Chief Executive Officer 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." Over the last few years, Nefab has acquired a number of leading companies in the thermoforming and sustainable packaging solutions fields. PolyFlex specializes in highly engineered returnable and plastic solutions and has a history of over 20 years supporting major industry customers with packaging related products. Mark Kirchmer, Chief Executive Officer 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." PolyFlex Chief Operating Officer Darrell Tiedeman used the following statements; "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." Per Öhagen also stated that they are happy to add the PolyFlex team to the Nefab Group; "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" he said.

With the acquisition of PolyFlex, Nefab Group will have more than 4,500 employees spread across 35 countries and annual turnover will be over SEK 10 billion.

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