Fortis Solutions Group Acquires Digital Dogma Fortis Solutions Group, a provider of printed pack- aging solutions and a portfolio company of funds managed by Harvest Partners, LP, has acquired Dig- ital Dogma Corp. based in Santa Fe Springs, Cali- fornia. Terms of the transaction were not disclosed. Digital Dogma is a manufacturer of pressure sen- sitive labels, shrink sleeves and flexible packaging, serving the food and beverage, wine and spirits, nutraceutical, health and beauty, and industrial end markets from its locations in Santa Fe Springs and Paso Robles, California. Further Acquisitions The move comes shortly after Fortis announced the acquisition of Identi-Graphics, a manufacturer and printer of pressure sensitive labels and flexible packaging products serving the snack, bakery, con- fectionary, cosmetic and chemical end markets in the US and Canada. The company, based in Illinois, specializes in the printing of bar wrappers for the nutritional supplement industry in both heat and cold seal applications. Fortis employs more than 1,300 employees across 22 manufacturing sites.
Cosmetic Packaging Market To Reach $55.8 Billion The global cosmetic packaging market was val- ued at $34,322.7 million in 2020, and is projected to reach $55,899.2 million by 2030, registering a CAGR of 4.8 percent from 2021 to 2030, according to a new report from ResearchAndMarkets.com. Cosmetic packaging includes a variety of contain- ers and pouches made of glass, paper, plastic, and metal. A Wide Range Cosmetic packaging is available in a wide range of size, shapes, and closures in the market, thereby making it suitable for all kinds of cosmetic prod- ucts, be it gaseous, liquid, or solid. The development of the e-commerce industry has significantly boosted the demand for cosmetic products. In addition, social media sites such as Instagram and Facebook have positively influenced the cos- metics market. These factors are positively influenc- ing the cosmetic packaging market. However, fluctuating cost of raw materials used for manufacturing cosmetic packaging is a major restraint in of the market.
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4 September 12, 2022 Flexo Market News
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