Recent Acquisition Berry Global's acquisition of CMG Plastics indicates a strategic expansion into custom and stock rigid plastic packaging segments, presenting opportunities for cross-selling advanced packaging solutions and integrated supply chain services.
Innovation Focus CMG Plastics has invested in extrusion blow molding capabilities and explored innovative materials inspired by natural properties, highlighting their commitment to developing sustainable and advanced packaging solutions that can appeal to environmentally conscious brands.
Industry Verticals With a strong foothold in food, beverage, personal care, and healthcare markets, there are opportunities to tailor products for emerging trends such as eco-friendly packaging and smart labeling, including Digimarc barcode integration.
Digital Presence CMG Plastics utilizes advanced tech stacks like Shopify and Fastly, indicating a focus on digital engagement and e-commerce integrations, which could be leveraged to offer digital printing, customized packaging options, or online ordering enhancements.
Growth Potential Operating with a revenue range of 10 to 25 million and a dedicated team, CMG Plastics is positioned as a mid-sized manufacturer that can benefit from targeted outreach for high-value, innovative, and sustainable packaging solutions, especially given their recent technological investments.