Scotia Investments Limited (SIL), together with CKF, Inc (CKF) have reached an agreement with US-based parent company UFP Technologies Inc (UFP) that CKF will purchase UFP’s Molded Fiber Technology Inc. (MFT). 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 its five plants across Canada. 

MFT’s industry stature together with their successful track record and the growing consumer demand for more widely recyclable packaging assures a long term and viable future. Customers will benefit from the combined forces of the two organizations as both are committed to investing in employees, capacity and products that deliver competitive and high-quality sustainable packaging solutions.

Source:  Scotia Investments Ltd. July 27, 2022 news release