US based Sealed Air Corporation has acquired MGM’s flexible packaging business. MGM is a privately held company headquartered in Manila, the Philippines. The transaction is expected to close in April.
Founded in 1982, MGM specializes in printing and laminating and provides flexible food packaging materials for consumer packaged goods markets in Southeast Asia. The company also exports to and supports companies in Australia, Brunei Darussalam, and New Zealand.
Sealed Air plans to leverage MGM’s expertise to expand its printing and lamination capabilities and better serve customers throughout the Asia Pacific region.
Sealed Air has had a presence in the Philippines for more than 20 years and employs more than 2,000 people in Asia. MGM employs 150 people.