Dow Partners with Ring Container Technologies to License PacXpert Technology
MIDLAND, Mich. - June 16, 2016 - Dow Packaging and Specialty Plastics, a business unit of The Dow Chemical Company (NYSE: DOW) and a leader in material science for the packaging industry, is partnering with innovative packaging convertor, Ring Container Technologies to license PacXpert™ Technologies.
“We look forward to partnering with Ring on the licensing and manufacturing of PacXpert™ Technology,” said Heather Turner, new business development leader for Dow Packaging and Specialty Plastics in North America. “This technology demonstrates the commitment both companies have made to finding innovative and sustainable packaging solutions.”
The lightweight packaging design offers a fitment closure and integrated ergonomic dual handles, for precision pouring, easy reclosing and convenient carrying. PacXpert™ Technology can be used across a wide range of household, institutional and industrial applications including food, condiments, liquids and dry goods. While flexible, the cube-shaped package is shelf stable and can stand upright or on its side.
Due to its innovative design and functionality, PacXpert has recently received several prestigious awards including but not limited to the SPE and Plastics Europe 2016 Innovation Award, R&D Magazine’s 100 Awards for the most significant inventions in 2015 and a Silver Edison Award in the Food and Beverage category.
PacXpert™ Packaging Technology is Dow’s global trademark for this technology.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
About RING Container Technologies
RING Companies is a privately held, multinational corporation with 19 locations in the United States, Canada and Europe. The company is focused on finding sustainable solutions for the foodservice and consumer packaging industries. Headquartered in Oakland, Tenn., the company began operations in 1968. Through steady growth it is now one of the largest plastic container manufacturers in North America. For additional information, visit www.ringcontainer.com.