- good natured Products (GDNP) has acquired all the business and operating assets of Houston-based FormTex Plastics Corporation for US$4.8 million
- The addition will expand the reach of good natured’s packaging business
- FormTex produces custom plastic packaging for the medical, food, electronic, industrial, and retail end markets
- good natured Products is focused on becoming North America’s leading earth-friendly plant-based products company
- good natured Products Inc. (GDNP) opened trading at C$0.385 per share
good natured Products (GDNP) has acquired Houston-based FormTex Plastics Corporation for US$4.8 million.
“We are very pleased to complete this acquisition and welcome everyone at FormTex to the good natured® family,” said Paul Antoniadis, CEO of good natured.
“The addition of FormTex expands the scope and reach of our packaging business, in-line with the strategic direction we’ve communicated, and we believe there is material upside potential for revenue and profitability through capacity expansion, supply chain improvements and cost synergies previously disclosed.”
Mark Anselmo, co-owner of FormTex added,
“We believe partnering with good natured is a win-win scenario for our valued employees and customers. It is a very strong strategic fit, and we see the same path to much larger and more profitable operations leveraging greater access to capital and good natured’s internally produced extruded rollstock capacity. This in turn will enable us to have a more significant positive environmental impact by producing more sustainable packaging solutions that the market is demanding.”
FormTex produces custom plastic packaging for the medical, food, electronic, industrial, and retail end markets.
good natured Products is focused on becoming North America’s leading earth-friendly plant-based products company.
good natured Products Inc. (GDNP) opened trading at C$0.385 per share.