Findlay, Ohio-based packaging manufacturer PaperTech has announced the completion of its acquisition of Bake-Best Trays, a specialist producer of pressed paperboard trays based in Redmond, Oregon.
The strategic transaction bolsters PaperTech’s position in the foodservice and food packaging markets, specifically enhancing its portfolio with high-performance ovenable solutions and microwave-active technologies.
Technology and Product Synergies
Bake-Best is recognised for its expertise in pressed paperboard trays designed for rigorous thermal applications. The acquisition integrates several key technical capabilities into PaperTech’s platform:
Microwave Active Susceptors: Proprietary solutions designed to improve the browning and crisping of food contents, a critical performance metric for ready-meal applications.
Ovenable Formats: Expanded range of trays suitable for high-heat environments.
Sustainability: The combined entity aims to provide a more robust alternative to CPET (Crystalline Polyethylene Terephthalate) and polypropylene packaging, aligning with the industry shift towards renewable materials.
Founded in 2007, Bake-Best has established a strong track record supporting a diverse client base, including food processors, supermarkets, regional restaurant chains, and schools.
Chris Collis, CEO of PaperTech, commented on the operational fit:
"The acquisition of Bake-Best expands the depth and flexibility of our pressed paperboard tray platform. Bake-Best's ovenable tray designs and susceptor-enabled solutions complement our existing capabilities and strengthen our ability to support customers where cooking performance, consistency, and presentation matter."
Market Impact
The deal is positioned as a strengthening of PaperTech's sustainable packaging platform. By broadening its product offering with differentiated cooking-performance technologies, PaperTech intends to deliver additional value to distributors and foodservice operators seeking economical and environmentally friendly packaging solutions.
