Business
Greiner sells composite can business to WeidenhammerJill Park, 23 January 2009Be the first to comment on this article German packaging multinational Weidenhammer has acquired the composite can business and customer list of Austrian group Greiner Packaging’s as both businesses aim to focus on their core competencies. The deal includes the transfer of production lines from Greiner’s Diepoldsau plant in Switzerland to Weidenhammer’s plants in Hockenheim, Germany and Montanay, France. Weidenhammer will also acquire Greiner’s composite can customer list, which includes Unilever Schweiz, Wander, Domaco and F Hunziker & Co, Haco, and Swarovski. Meanwhile, Greiner will redeploy the 16 employees making composite cans at the Diepoldsau plant to its plastic or plastic/cardboard composite cup production at Greiner Packaging AG. Weidenhammer Packaging Group chief executive Ralf Weidenhammer said the takeover offers both firms “an opportunity to further strengthen their core businesses”. The sale will allow Greiner to return its focus to the K3 plastic cardboard combinations and K2 plastic product segments at its Diepoldsau plant. Both companies refused to disclose the price of the sale. Andreas Frank, chief executive of Greiner Packaging AG Switzerland said the company was “convinced” that it has made the right decision “in an economically challenging ambience”. Weidenhammer, the composite can, composite drum, luxury tube and plastic container manufacturer, employs 970 employees across 12 production sites. Greiner Packaging employs a workforce of 2,869 in 21 production sites across Europe. Financial deals for the transaction have not been disclosed. Speak Your Mind |
Popular Articles
|
Loading ...
