# Faerch acquires MCP Performance Plastic from Kibbutz Hama'apil

Danish food packaging company Faerch Group is purchasing MCP Performance Plastic from Kibbutz Hama'apil in Emek Hefer, Israel, for an estimated 57 million euros. The acquisition includes MCP's two factories in Israel and the United States and is intended to help Faerch enter the US market.

- Type: Acquisition
- Announced: 2021-08-23
- Where: Emek Hefer, Israel, Israel
- Value: $67.0M (57.0M EUR)
- Status: announced
- Products: thermoformed food packaging, food trays
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Faerch Group](https://endata.com/companies/7218.md) (acquirer)
- [MCP Performance Plastic](https://endata.com/companies/56559.md) (target)
- [Kibbutz Hama'apil](https://endata.com/companies/57278.md) (partner)

## Sources

- [currentglobe.news](https://currentglobe.news/faerch-buys-kibbutz-plastic-along-with-mcp/), 2021-08-24: "The MCP will serve as a springboard for Faerch to enter the important US market, which is estimated at $ 55 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.