Makes the plastic packaging that keeps your supermarket steak fresh (Cryovac) and your Amazon box cushioned (Bubble Wrap).
Sells packaging materials and machines, mostly recurring consumables. Annual revenue USD 5.36B, gross margin 29.79%, net margin 9.43% — thin but steady.
Decades of food-safety know-how and patented Cryovac films keep meat processors locked in. But Amcor and Berry Global are pushing cheaper alternatives, eroding pricing power.
Key events, in time order
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