Light weight paper and packaging solutions supplier in the US, Burrows Paper has completed the acquisition of the remaining 75% equity interest in investment company Innopak Hong Kong.
Prior to the deal, Burrows owned 25% stake in the joint venture packaging company, and the move is further expected to expand its ability to provide worldwide access to global customers to premium packaging for their products.
Burrows chairman, chief executive officer and president Bill Burrows said the synergy of both the companies holds potential for mutually beneficial integration and growth opportunities considerably.
"Through our shared values and commitment to quality, we will achieve our primary goal of providing superior packaging products to customers, as well as broader opportunities for employees," Burrows said.
Burrows, which operates four paper mills and five converting facilities domestically and abroad, has product lines including eco-friendly clamshells, wraps, carry-out bags and more.
