21 Juli 2016

Futamura confirms acquisition of Innovia Films cellulose business

Japanese company to provide a sustainable future for over 400 jobs

Futamura, a privately-owned Japanese manufacturer of cellulose and polymeric films for the packaging market, has today announced that it has completed its acquisition of the Innovia Films cellulose business.

The acquisition, which positions Futamura as the world’s leading manufacturer of cellulose film and includes the market leading brands of NatureFlex compostable films and Cellophane, is considered a mutually beneficial union for all stakeholders; employees, customers and suppliers.

Futamura will provide a sustainable future for over 400 jobs at both the manufacturing sites in Wigton, Cumbria, UK, Tecumseh, Kansas, USA and global commercial offices. The two production sites, along with sales teams in the Americas, Asia and Europe, complement Futamura’s existing sales team and production site in Ogaki, Japan, further strengthening the company’s growth plan and creating a strategic global footprint for an improved continuity of supply.

Mr Keith Fell has been appointed as General Manager of Futamura’s European operations. Fell, 62, a former commercial director at Innovia has come out of retirement to become Futamura’s general manager for Europe. Considered the ideal candidate to guide the company through the transition period, he worked at the plant for 44 years, joining as a records clerk at the age of 16 in 1970, before retiring two years ago.

“I am delighted to take on this role for Futamura who are passionate about investing in the long term future of the global cellulose business,” he said. The acquisition is the perfect marriage; we bring with us a wealth of expertise and knowledge of sustainable, compostable films and our cellulose production facilities complement Futamura’s strong manufacturing capabilities.”

Futamura President, Mr Yasuo Nagae, said: “At Futamura we stand on the principle the company exists to enhance the daily lives of its customers and the people who work for us. Through the acquisition we have strengthened our Futamura family and together we look forward to a bright future that includes further investment in technology and in our employees.”

Source: Bioplastics MAGAZINE, 2016-07-07.

Supplier

Share on Twitter+1Share on FacebookShare on XingShare on LinkedInShare via email