Dear Business Partner,

We are delighted to inform you that Faerch Group has signed an acquisition agreement of MCP Performance Plastic USA and Israel. Faerch is one of Europe's leading suppliers of cutting-edge, sustainable thermoformed food packaging.

The acquisition will further strengthen our position in the rigid food packaging, and will enable us to expand our product range by accelerating the industry's transition to actual circularity by expanding ‘tray-to-tray recycling’.

For you as our valued customer, the daily business will continue. Our well-known service experience will continue to be provided. However, in addition, we will be able to offer an expanded variety of choices,
designs and services.

The acquisition is an important step in bringing truly circular packaging solutions to markets and crossborder customers: USA, Far East and Mediterranean countries.

MCP is very excited about this tremendous opportunity and we are looking forward to providing more information on how your business can benefit from this achievement.

The acquisition of MCP by FAERCH Group is subject to regulatory approval, and closing is expected in the third quarter of 2021.

Kind regards.
Natan Vilner – CEO MCP Performance Plastic Ltd.