- PolyFlex has been a reliable provider of pioneering and eco-friendly returnable solutions for over two decades.
- Its merger with Nefab Group paves the way for increased investment in growth and a broader customer reach.
- This strategic move enables Nefab to reinforce its market foothold in the Americas and critical sectors like LiB and E-mobility.
- Nefab remains committed to investing in sustainable solutions to optimally serve customers and conserve resources in supply chains.
STOCKHOLM, June 21, 2023 – Nefab Group AB has announced the purchase of PolyFlex Products, Inc., a significant US industry player known for its returnable solutions. The move amplifies Nefab’s global market influence and dedication to conserving resources in supply chains.
“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,” remarked Per Öhagen, President and CEO of Nefab Group. “Our strengthened market presence and extended portfolio of innovative and returnable solutions will enable us to serve our customers even better.”
Addition of PolyFlex grows Nefab’s thermoforming capabilities
In recent years, Nefab has added a variety of leading firms in the thermoforming and sustainable packaging solutions spaces to its roster. Incorporating PolyFlex, a prominent industrial packaging corporation operating in four central US locations and having a presence in Leon Guanajuato, Mexico, bolsters Nefab’s global offerings and expertise further. With a history of over 20 years, PolyFlex excels in providing highly engineered returnable and plastic solutions, supporting significant industry customers with packaging-related products.
“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,” stated Mark Kirchmer, CEO of PolyFlex.
“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,” added Darrell Tiedeman, COO at PolyFlex.
“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. We are happy to welcome the PolyFlex team to the Nefab Group,” concluded Per Öhagen.
Following the PolyFlex purchase, now boasts over 4500 employees across 35 countries, with an annual turnover exceeding 10 BSEK.
Boasting over 70 years of experience and a footprint in over 35 countries, the Nefab Group delivers global solutions and local service to companies worldwide in various sectors such as Telecom, Datacom, Energy, Automotive, Healthcare, Aerospace, and Lithium Batteries. With the recent acquisition of PolyFlex, the Nefab Group now encompasses over 4,500 employees scattered across 35 countries and generates an annual turnover exceeding 10 BSEK. The Nordgren/Pihl family and FAM AB hold ownership of the company.
PolyFlex is a leader in package development for the battery, e-mobility, and automotive markets. Having its headquarters in Farmington Hills, MI, and supporting a workforce of 187 employees across various manufacturing facilities in the USA and Mexico, the company is poised to swiftly respond to its North American customers’ critical material handling needs.