MGS manufacturing group (tools, tooling and equipment manufacturer) CEO Jeffrey Kolbow said: “the need to consider the culture and customs, we must ensure adequate communication, to ensure that all aspects are appropriate, in order to bring long-term cooperation, for the sake of customers, for the benefit of customers. Must the local depth is not always seamless, needs a lot of work to serve the company as a whole, we must work harder to ensure perfect customer service without gap. “

Blaige also further explained the merger situation of injection molding industry, he pointed out that 61% of transactions from strategic buyers, another 39% of the investment transactions from the buyer (such as private Holdings Company), 16% is related to holdings of shares already held by the plastics industry.
This means that 77% of the transaction from the industry to enhance business insiders.
Blaige added that the transaction is 51% international transactions, 40% in the United States, 9% is both. 15 years ago, cross-border transactions accounted for only 30% to 40%.
He said: “this is why developing economies increased trading, because of mergers in the quest for growth, and growth in developing economies. “

Not only the total volume increased sharply, the number of transactions in the packaging industry from 71 in 2001 and 50 in 2002 increased to 164 last year.
Other segments of the market of plastics industry trade (including industrial and raw materials) with time increasing rapidly.
The global merger brought between plastic packaging manufacturer ‘s extrusion, the extrusion to the prices of raw materials upstream and downstream customers conduction.
But globalization also brings opportunities to the packaging company, consumer products companies are looking for opportunities & suppliers.

Jabil packaging solutions company (formerly Nypro packaging company) general manager Rick Ritter said: “we see large companies such as Coca-Cola or CPG, they want to act, to act quickly, they do not have the resources to help the 15 companies of the 9 thousands of suppliers, so if we can through the purchase and the same experience to customers around the world, the it would be a good opportunity for integration. “
In an effort to keep global consistency at the same time, the need to ensure that the global packaging company in the customer service while maintaining the localization characteristics.

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