Burrows Paper Now 100% Stakeholder in Chinese Specialty Paper Converter, Innopak
Jan. 3, 2013 - Burrows Paper Corporation said that on Dec. 5 it completed the acquisition of the remaining 75 percent equity interest in Innopak Hong Kong Limited (the investment company that owns 100 percent of Innopak Heshan) from Innopak Holdings Limited.
Until recently, Burrows was a 25 percent stakeholder in this joint venture packaging company.
“We are very proud to welcome the Innopak team into the Burrows family,” said Bill Burrows, Chairman, CEO and President of Burrows Paper.
“The synergy of our two companies holds great potential for mutually beneficial integration and significant growth opportunities. Through our shared values and commitment to quality, we will achieve our primary goal of providing superior packaging products to our customers, as well as broader opportunities for employees,” Burrows said.
Innopak Heshan is a converter of specialty paper and board-based foodservice packaging products. Innopak’s current offerings include specialized hand carry bags, grease-resistant wraps, color printed clamshells for a variety of food items and more.
Innopak was established in 2007 and its manufacturing facility is located at Longkou, Heshan, Guangdong, China. Stringent Good Manufacturing Practice and Hazard Analysis and Critical Control Point systems guide Innopak’s ISO9001:2008 and QS registered operations.
Paul Voo, Managing Director of Innopak, commented, "Burrows has a reputation for being innovators in the foodservice packaging industry. We look forward to investments that will enable us to further enhance the breadth of our product line and increase efficiency.”
Burrows Paper Corporation is a worldwide supplier of light weight specialty paper and packaging solutions. Integrating nearly 100 years of papermaking expertise into its food packaging line of products, Burrows continues to grow as a family-owned company with an active third-generation owner.
Burrows Paper is headquartered in Little Falls, New York, and operates four paper mills and five converting facilities domestically and abroad — New York, Ohio, Nevada, Iowa, Mississippi and The Netherlands. Its paper mills maintain the highest standards with ISO, HAACP and FSC certifications. Burrows is one of only a few companies capable of producing light weight printable tissue paper from 7.5 to 30 pounds (12.2 to 48.9 gsm).
Burrows also offers MG and MF paper grades that are used in a variety of applications that include medical and food packaging, as well as many industrial grade papers.
SOURCE: Burrows Paper Corporation