UFP Technologies Inc. to purchase Molded Fibre Technology Inc.

HANTSPORT — Scotia Investments Limited and CKF Inc. have reached an agreement with U.S. based parent company UFP Technologies Inc.  that CKF will purchase UFP’s Molded Fibre Technology Inc.

The new corporate entity will be known as MFT-CKF Inc.

MFT designs, manufactures, and distributes environmentally responsible protective packaging solutions for the consumer goods, electronics, and industrial products markets across North America from their plants in Clinton, Iowa and El Paso, Texas.

CKF manufactures molded pulp, foam and PET products for the food service, packaging and retail sectors, servicing customers globally from their five plants across Canada.

“We are excited to be joining forces with the team at MFT. As proven market leaders in the production of molded pulp protective packaging, they are known by their customers and industry peers for their quality products, technological innovation, and their focus on sustainability. MFT’s products are complementary to our core competencies,” said Ian Anderson, president of CKF in a statement.