Faerch, a supplier of cutting-edge, thermoformed food packaging, agreed to acquire PACCOR Group, a provider of rigid plastic packaging products, from Lindsay Goldberg, a private equity group. The transaction is subject to customary closing conditions and regulatory approval and is expected to close during the first half of 2022. Financial terms were not disclosed. "With PACCOR becoming part of Faerch, the industry’s transition towards circularity will gain additional momentum for food packaging being recycled back into new food packaging of the same quality again and again. With PACCOR’s leading position in the Dairy sector, Faerch will be present in all major food packaging segments, allowing the much needed standardization away from non-recyclable legacy materials towards truly circular packaging solutions. A comprehensive investment program for supporting material conversion and scaling our recycling platform will be launched," Lars Gade Hansen, Faerch CEO.