Nefab Group AB has acquired Reflex Packaging Group, the leading company in sustainable thermoformed cushioning. Reflex Packaging will continue to operate as separate entities within the Nefab Group.
“The market demand for sustainable cushioning solutions in industrial packaging is increasing fast. Reflex Packaging’s state-of-the-art cushioning trays, made from 100% recycled and ocean bound plastic, combined with Nefab’s global presence, will make sustainable cushioning solutions available for the market worldwide,” says Staffan Pehrson, President and CEO of Nefab Group.
Reflex Packaging have operations in Americas, Europe, and Asia. They specialize in designing and manufacturing solutions using recycled, and ocean bound plastic as the raw material source for their products.
“We are excited and proud to be part of the Nefab Group. Their value proposition to reduce costs and environmental impact, on a global scale, is the ideal platform for expansion of Reflex Packaging's products,” says Forrest Smith, Founder of Reflex Packaging.
The Reflex Packaging acquisition, in addition to the earlier communicated European acquisition of Szkaliczki in 2020, positions Nefab to be the world’s leading company in sustainable thermoformed cushioning. Nefab will now be better equipped to address customer demands in high growth markets such as Electronics, Datacom, Telecom, and Lithium Batteries.
With the acquisition of Reflex Packaging, the Nefab Group will have over 4000 employees spread across 35 countries, with a yearly turnover of nearly 7 BSEK.
