AP Moller-backed Faerch, a supplier of cutting-edge, thermoformed food packaging, agreed to acquire MCP Performance, a developer and manufacturer of advanced custom co-extruded thermoplastics. Financial terms were not disclosed. “We warmly welcome MCP and our new colleagues to the Faerch Group. Our circular solutions will complement MCP’s product range, setting us jointly at the forefront of making food packaging circular also beyond Europe. MCP will serve as a stepping stone for Faerch entering the important US market, which is estimated to account for $55bn. Being local will allow us to support the retailers, brand owners and food manufactures in making the right material choice for true circularity in the US food packaging market," Lars Gade Hansen, Faerch CEO.