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Hoffmann Neopac acquires CM Packaging

December 12/2019

MOSCOW (MRC) -- Plastic and metal packaging firm Hoffmann Neopac has acquired Netherlands-based CM Packaging, said Packaging-gateway.

Following the acquisition, Hoffmann plans to integrate the two companies into a single entity by 1 January 2020.

The companies have not disclosed the financial details of the deal. Hoffmann Neopac CEO Mark Aegler said: The team at CM Packaging has been a tremendous partner through the years, and with them joining the Hoffmann Neopac family we now have a production site in the EU in the metal sector and can also successfully implement our internationalisation in this area.

"In the tube business, we have been doing this for several years and now produce high-quality tubes in Switzerland, Hungary, India and the USA."

Hoffmann Neopac has also announced an infrastructure investment. The company will build a three-piece can-making line at CM Packagings facility in Dronten, the Netherlands.

The investment is expected to meet the demands for the growing infant food sector by expanding capacity. Hoffmann Neopac former CTO Andreas Geiger will serve as managing director of the Metal Packaging division.

Hoffmann Neopac Tins sales head Tomas Pivko will lead the sales team. The three owners of CM Packaging will remain part of the company.

CM Packaging Sales and Marketing director Herbert van de Beek said: The acquisition of CM Packaging by Hoffmann Neopac will combine the clear strengths of both companies and improve our position in an increasingly challenging market.

As MRC informed earlier, INEOS Styrolution has partnered with post-consumer plastics recycling company Agilyx to build a polystyrene (PS) chemical recycling facility in Channahon, Illinois.

As per ICIS-MRC Price Report, Ineos Styrolution"s general purpose polystyrene (GPPS) imports into Russia increased in the first ten months of 2019 by 2 times year on year to 10,600 tonnes. This figure was 4,900 tonnes in January-October 2018. Ineos Styrolution is the largest GPPS supplier to Russia. European material accounted for 45% of the total GPPS shipments over the stated period versus 30% in the first ten months of 2018. However, October Styrolution"s GPPS shipments to the Russian market decreased by more than 2 times to 700 tonnes from 1,500 tonnes a month earlier, the company"s imports into the country were 700 tonnes in October 2018.
Author:Anna Larionova
Tags:PP, PS, PE, packaging.
Category:General News
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