YBP’s Acquisition Has Led to The Addition of an Anti-counterfeit Packaging Service
- Date: 11th November 2015
- Category: Industry News
- Origin: WhaTech - Pawan Kumar
Global anti-counterfeit packaging market was accounted for $57.4 billion in 2013, which is forecast to generate revenue of $142.7 billion by 2020 at 13.9% CAGR from 2013-2020.
YBP Group’s completion of CFC acquisition process had stunned FMGC companies considering anti-counterfeiting measures. The acquisition enabled ‘YBP’ to include anti-counterfeiting packaging service.
Followed by the acquisition of a prominent printing enterprise in United States, the venture is now called ‘YPB Print Solution Inc.’. The firm roots of the agreement had been announced 1st June 2015.
Besides the addition of anti-packaging packaging feature, the company now boasts of its new global president, Ralph Davis. Furthermore, the strategies adopted by YPB are completely focused on addressing the needs like packaging engagement.
The new director brings to the company over forty years’ experience especially in printing and packaging.
Commenting on the acquisition, John Houston the executive chairman and chief operating officer said “CFC’s printing and packaging expertise provides a significant revenue opportunity that complements the YPB strategy to add revenue streams by providing customers more ways to PROTECT and ENGAGE around product authentication.” He added, “We’ve already commenced on executing this strategy with CFC having worked with them for the past 6 months and will be aggressively pursuing opportunities in the sector.” As per the acquisition terms YPB would acquire 100 percent of the shares issued in the acquired company for consideration of US$600,000 .
Eyeing the current momentum in the market, Big Market Research has added a report titled “Global Anti-Counterfeit Packaging Market – Food And Pharmaceuticals.”
According to the market research report the market would register a CAGR of 13.9 percent during the forecast period of 2013 – 2020. Moreover, the research analysts conducting the study disclose that the anti-counterfeit packaging industry is valued at $147. 7 billion by 2020. The key market drivers, restraints and opportunities of the market is also discussed in the report. For those seeking relevant data on business performance in countries including Germany, Canada and more would find the study worth their time and money.