MeadWestvaco Corporation (MWV) has launched VersaPlast for the North American home and garden industry. VersaPlast is the first all-plastic trigger sprayer introduced by MeadWestvaco which is lighter in weight compared to other sprayers available in the market.
The versatile trigger sprayer offers a door foamer nozzle option that demonstrates its unique design. This exclusive facility allows the user to choose either foam or spray dispensing, depending on their application needs and preferences. In addition, the ergonomic design with the easy-grip Ergo Trigger will be more comfortable for consumers. VersaPlast reinforces a positive consumer interaction with the cleaning brands. It will also help to decrease costs and carbon footprint for brands.
Sunshine Makers, Inc., which makes Simple Green cleaners, is the first company in the U.S. to use VersaPlast on its cleaning products. The selection of MeadWestvaco’s lightweight VersaPlast as a part of the restaging of packaging and delivery systems supports Simple Green’s socially responsible mission.
Moreover, VersaPlast fits into Simple Green’s local supply chain strategy to minimize transportation emissions. It will also improve the packaging sustainability by reducing its resource consumption.
The introduction of VersaPlast is in line with MeadWestvaco’s commitment to improve volume across the Packaging and Specialty Chemicals businesses through new products and various profitable growth strategies. In addition, the company also hopes to generate product pricing improvement and to benefit from its recent acquisitions in the Industrial and Specialty Chemicals businesses.
Richmond, Va.-based MeadWestvaco is a global producer of packaging, coated and specialty papers, consumer and office products, and specialty chemicals. Among the principal markets that the company serves are the food, beverage, beauty and personal care, healthcare, media and entertainment, tobacco and home and garden industries.
MeadWestvaco currently retains a Zacks Rank #3 (Hold).
Bemis Company, Inc. (BMS), Berry Plastics Group, Inc. (BERY) and Graphic Packaging Holding Company (GPK) also belong to the same industry where MeadWestvaco operates. Each of them holds a Zacks Rank #2 (Buy).
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