own, PA – October 30, 2013 – Sharp Packaging Solutions has been providing its clients with packaging solutions for seven years and is pleased to announce plans for a new venture in which Sharp will partner with a long-time client.
Sharp and its partnering company will work together on packaging thin film materials, and though the customer has not yet been named, details about the team’s plans are available. The partner will invest $1 million into the venture for three years and provide a machine to cut thin film products to a specific size and shape before sandwiching them between foil material for an air-tight seal. It is expected that by the end of the third year, the machine will have produced around 20 million units a year.
Currently Sharp Packaging Solutions and its client partner are waiting on legal and supply agreements for review in order to determine liabilities and commitments and are also waiting to approve a capital appropriation request document which will outline background, business case, the amount requested, and ROI calculations. At this time, Sharp Packaging is planning to close the deal within 30 days.
As a result of this venture, Sharp Packaging Solutions is expecting to expand its offerings, increasing both the amount and quality of services available to its customers. Coming around the same time as a new serialization initiative and the launch of Sharp Packaging’s new website, this major update is part of a major leap forward for the company.
Sharp Packaging Solutions is located at 7451 Keebler Way in Allentown, PA. To learn more about Sharp Packaging Solutions and its new business venture, visit www.sharpservices.com.
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