News/Press Releases and Articles
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February 24, 2017 AFP, Inc. acquired Springfield, MO's Engineered Packaging, Inc.'s (EPI) protective packaging division... please click on the image above for more information about our growth.
On Feruary 8, 2017 AFP received WBENC national certification as a Women's Business Enterprise (WBE)... please click on the image above for more information about AFP's women-owned status and certification
AFP, Inc. was featured in the July/August 2016 issue of Manufacturing Today. The write up is a great summation of AFP's founding and history, growth goals, environmental initiatives, and material neutral packaging design and manufacture.
February 24, 2017 AFP, Inc. announces its acquisition of Springfield, MO's EPI protective packaging division.
February 24, 2017 AFP, Inc acquired Springfield, MO's Engineered Packaging, Inc.'s (EPI) protective packaging division. Over a 26 year period EPI, which is owned and lead by Mr. Jim Stout, successfully built a strong business in the custom engineered packaging space by creating a customer-centric culture. AFP will continue to stay aligned with Mr. Stout has he begins to explore his retirement.
As a result of the acquisition, AFP strengthens its ability to serve existing customers in the Midwest and is strategically positioned for growth.
Greg Peden Senior VP Emerging Business Development says, "AFP recognized strong relationships with customers and vendors, overlaps in core competencies, integration of technologies, and expansion of converting capabilities, in a new geography we were not currently serving."
EPI will continue to operate their Temperature Controlled Packaging Division and AFP will assume the protective packaging, distribution and returnable/consumable lines of business. AFP looks forward to serving product manufacturer's packaging needs and growing customer relationships in the greater Midwest.
Women Owned Announcement
Austin, TX, February 13, 2017- Austin Foam Plastics, Inc. (AFP, Inc.), Since its inception in 1978 in Austin Texas AFP has been a leader in providing Engineered Packaging and prides itself on its loyalty to its customers, suppliers, and employees. Upon the untimely death of Tim O'Hearn in 2013, the majority ownership of AFP transferred to his three daughters and they are committed to continue his legacy.
On February 8, 2017 AFP received national certification as a Women's Business Enterprise (WBE) by the Women's Business Council Southwest (WBCS), the regional certifying affiliate of the Women's Business Enterprise Council (WBENC). WBENC's national standard of certification is designed to confirm the business is at least 51% owned, operated and controlled by a woman or women. By including women-owned businesses among their vendors, corporations and government agencies demonstrate their commitment to fostering diversity and the continued development of their supplier diversity programs.
April O'Hearn Abello, CEO of Austin Foam Plastics since 2015 sums up the new certification with this statement "AFP is proud to become part of the WBENC community and join thousands of successful business leaders who share WBENC's vision to foster diversity in the world of commerce. I strongly believe that WBENC will allow AFP to share our own experiences and learn from others as we continue to strive to be a leader in the engineered packaging space and in the community."
Formed in 1978, Austin Foam Plastics (AFP) has been building world-class engineered packaging solutions for nearly 40 years. Initially created to meet packaging needs in Austin, Texas, the company today employs 224 employees in five facilities across the U.S. and earned revenues of over $100 million in each of the last five years.
Founded by K. E. Kurtz II, M. Dana Kelley, Richard Lane, J. Foy Couch and Ron Holley, AFP has taken a strategic approach to growth over the years. It opened plants in Dallas in 1991, Columbus, Ohio in 1998, and Pflugerville, Texas and LaVergne, Tenn. in 1999. AFP also opened a corrugated manufacturing facility in Austin as well as an El Paso location.
By 2003, Tim O’Hearn and K.E. Kurtz II had become the company’s sole owners. A decade later, the company created a China enterprise in 2013 with the goal of entering additional geographic locations and expanding its engineering capabilities in Taiwan.
Unfortunately, 2013 also saw O’Hearn pass suddenly in a car accident. His ownership interest was handed down to his three daughters. They have embraced their ownership and leadership roles, moving AFP forward with continued goals of growth and market leadership. The change in ownership status prompted AFP to pursue Women Owned Business Enterprise certification, allowing it to deliver direct Tier I diversity spend to its customers.