Atlas Holdings Announces the Sale of NPX One
Sealed Air Corporation (SEE)
Last sealed air corporation earnings: 2/11 07:00 am
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Source: Business Wire
GREENWICH, Conn.--(BUSINESS WIRE)--Atlas Holdings (“Atlas”) announced today the sale of NPX One, a leading manufacturer and the second largest supplier of polystyrene trays for fresh protein in the U.S., to Breck Partners, a Dallas-based private equity firm. Terms of the transaction were not disclosed.Headquartered in Reading, PA with additional operations in Indianapolis, IN, NPX One manufactures packaging solutions that deliver critical food safety properties and maximize the shelf life of perishable, high-value fresh protein. The company has manufactured innovative food trays for more than 50 years. Atlas acquired the assets which comprise NPX One with its purchase of the North American Foam Trays and Absorbent Pads (TAP) businesses of Sealed Air Corporation (NYSE: SEE) in 2015, which was renamed Novipax. Following the sale of the absorbent pads business in 2020, Atlas rebranded the tray business as NPX One. NPX One, through a differentiated service offering, grew to a customer
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