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History

For over 75 years, Penny Plate, LLC has been committed to innovation, reliability, exceeding customer expectations and serving the market as a low-cost provider. Today, Penny Plate has one of the most extensive lines of aluminum containers and lids, selling to the Foodservice, Retail and Packer Processor market segments. Inventors of the widely used rolled rim technology, Penny Plate continues to be one of the leading innovators in the aluminum food packaging market. We take great pride in the sustainability of our products, knowing that Penny Plate aluminum containers are 100% recyclable.
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A subsidiary of Packaging Matters, LLC

In 2022, following critical industry aluminum shortages, we vertically integrated into metal casting and rolling through our affiliate, Gateway Aluminum, located in St. Louis, MO. This strategic acquisition establishes a clear competitive advantage for Penny Plate and provides critical supply assurance to our customers, allowing their businesses to operate smoothly, efficiently and with certainty.

1948

Founding of Penny Plate Inc.

1986

Therma Plate was founded and emerged as the primary producer of CPET Plastic Trays. The company is now part of Bemis Corporation.

1993

Associated Packaging Technologies was founded and successfully developed the technology to resolve the cracking issues of CPET trays. The company now part of Sonoco Products Company.

2002

Peninsula Packaging was founded for the Agriculture Industry and formed recyclable berry containers using solar energy. The company is now part of Sonoco Products Company.

2015

PolymerPak was founded.

2020

Penny Plate, LLC. becomes a subsidiary of Packaging Matters, LLC.

2023

Penny Plate’s sister company, Gateway Aluminum, LLC is now operating an Aluminum Rolling Mill in St Louis Missouri and has been Melting and Casting Aluminum since the start of 2023.

Markets

Penny Plate, LLC supplies three major markets: Food Processors, Food Service Distribution, and Retail. All three markets use our products in distinct ways:
Aluminum metal rolled up in factory

Food Processors

Food industry giants buy various Penny Plate products to cook or bake prepared meals. Food Processors use Penny Plate containers to make anything from muffins, to casseroles, to lasagna. Then the Food Processors either repackage the item for retail sale, or the cooked food remains in a Penny Plate pan and is sold in the frozen food section of the grocery store

Selective focus shot of a bitten mince pie on the mince pies line background

Food Service Distribution

Food service distribution re-sells products to restaurants, bakeries, small grocers, and other distributors, giving smaller businesses access to Penny Plate products. Distributors’ large volume Penny Plate orders are resold along with other company’s products on weekly routes to smaller businesses.

Smiling baker arranging pastries in display case at bakery shop

Retail

Grocery and warehouse stores buy Penny Plate products for either the prepared food section of their stores or to sell in small case packs for consumers. Penny Plate containers can be found anywhere from the in-store bakery to the bakeware aisle in major retail stores across the nation.

Pan Definitions

Aluminum & Food Service Resources

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