Confoil and Kingfoil join forces

Australia's two major aluminium food tray makers, Confoil and Kingfoil, have joined forces in a deal set to bring benefits for customers of both businesses.

Announcing the acquisition of Kingfoil, Confoil CEO Kris Srikanthan said that, together, the two would reap greater economies of scale and remain internationally competitive.

"This is one of those rare 'good news' stories where Australian manufacturers are outperforming imports and we intend to keep it that way," Kris said.

"Confoil and Kingfoil are Australian owned and operated companies with proud 40 and 50-year histories. Both are already successful and profitable with progressive management teams that can see the long-term advantages of joining forces over continuing to work as rivals."

While Confoil and Kingfoil will continue to operate as separate businesses, greater buying power and better utilisation of facilities mean customers will benefit from broader product ranges, globally competitive pricing and enhanced services.

"Whether you're a Kingfoil or Confoil customer, you won't notice a lot of change other than that we'll be able to supply you from warehouses in both Victoria and New South Wales, which we expect will make deliveries even faster," Kris said.

"You'll be dealing with the same people and the same products will still be available. It's not about closing factories or cutting jobs. Instead, it's all about leveraging each other's complementary strengths to keep prices down without sacrificing service. This approach means Australia's food manufacturers can count on the ongoing flexibility, quick turnarounds and responsiveness that only strong local packaging suppliers can provide."

Kingfoil's Sydney manufacturing facility is dedicated to aluminium food trays while Confoil's Melbourne plant produces a range of aluminium packaging, Dualpak dual ovenable paperboard food trays and Novacart decorative baking moulds.