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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.
Faerch, a European packaging company, announced the acquisition of MCP Performance Plastic, marking its expansion outside Europe. The deal was announced on July 19, 2021.