Færch Plast

EBITDA: DKK 537 million in 2016
Number of Employees: 1,122
Sales: DKK 2,200 million in 2016

Færch Plast is a European leader in innovative and optimized plastic packaging solutions for the food segments ready meals, fresh meat and food to go.

Færch Plast sells its products through three different channels; food producers, distributors and retailers with customers varying from large international companies to smaller local players. Following the acquisitions of Anson Packaging and Sealed Air’s European tray business in 2015, the company has 7 production sites located in Denmark, the UK, the Czech Republic and Spain serving the European market and employs more than 1,100 people with local operations in more than 15 countries. Færch Plast offers a full-range of rigid plastic trays in all major plastic resins (i.e. CPET, APET, PP, PP with barriers) which translates into an extensive product catalogue of more than 3,000 different trays.

The company was founded in 1969 by Rasmus Færch and has since then grown and evolved into the current European leader of innovative and optimized packaging solutions with a core focus on recyclability, sustainability and food safety.

To Færch Plast

Market Trends and Drivers

Færch Plast serves primarily the large food producers, distributors and retailers across Europe. The market is supported by healthy underlying growth drivers including the end consumer’s need for more food on-the-go, time-conscious consumers increasingly transitioning to convenient food options, increasing number of working individuals in households, meal size decreasing and increased focus on limiting food waste from consumers.

Investment Potential

Færch Plast has a very well invested production setup and provides the right platform for growth both organically and through acquisitions. The addressable European market for Færch’s three segments is expected to grow at a CAGR 4-5% and is further characterised by being stable and is largely unaffected by economical fluctuations. The competitive universe is highly fragmented and only a handful of the major competitors compete across geographies and segments where Færch Plast benefits from longstanding customer relationships and cooperation in developing new products.

The business plan includes a focus on organic sales growth in existing markets by introducing new products and increase sales with existing customers. The plan also includes potential acquisitions in adjacent product categories and expansion of geographical footprint to further accelerate growth.