AUSTIN, Texas, Feb. 24, 2017 /PRNewswire/ -- Austin Foam Plastics, Inc. (AFP, Inc.), a leading provider of integrated engineered packaging solutions, announces its acquisition of Springfield, MO's Engineered Packaging Inc.'s (EPI) protective packaging division. Over a 26 year period, EPI, which is owned and led by Mr. Jim Stout, successfully built a strong business in the custom engineered packaging space by creating a customer-centric culture. AFP will continue to stay aligned with Mr. Stout as he begins to explore his retirement.
As a result of the acquisition, AFP strengthens its ability to serve existing customers in the Midwest and is strategically positioned for growth.
Greg Peden, Senior VP Emerging Business Development, says, "AFP recognized strong relationships with customers and vendors, overlaps in core competencies, integration of technologies, and expansion of converting capabilities, in a new geography we were not currently serving."
EPI will continue to operate their Temperature Controlled Packaging Division and AFP will assume the protective packaging, distribution and returnable/consumable lines of business. AFP looks forward to serving product manufacturer's packaging needs and growing customer relationships in the greater Midwest.
About Austin Foam Plastics, Inc.
AFP designs, produces, manufactures, and sources protective packaging for product manufacturers in retail and direct shipping environments. Our products include corrugated, foam, molded pulp and crating. AFP is a family-owned and operated enterprise, founded in 1978 and in February 2017, became a WBENC-Certified Women's Business Enterprise. Prior to this acquisition, AFP had five facilities across the United States: Austin TX (HQ), Dallas (Carrollton) TX, El Paso TX, Columbus OH and Nashville (La Vergne) TN and a global presence throughout Asia and Mexico.
AFP is interested in exploring further growth opportunities and partnerships, including acquisitions and investment in valued employees to facilitate strategic initiatives. To learn more about us, please visit www.a-f-p.com.
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SOURCE AFP, Inc.