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2020-01-29 00:00:00
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Flexpol, one of the largest BOPP film producers has been acquired for around €19.8-million by the Canadian company CCL.
The company, based in Toronto, will start trading in the region after the deal closes in the first quarter of this year under the name of Innovia Poland.
Flexpol is focused on customers looking for flexible packaging options and reached sales of around €63.1-million in 2019.
CEO of CCL, Geoffrey Martin, is hoping that the new acquisition will boost profits by 2021, citing the condition of the plant, combined with low location costs and state-of-the-art technology as key to enhancing product mix.
Günther Birkner, global head of Innovia will have the main oversight of the operations of Innovia Poland along with is role in the CCL’s Food & Beverage and Healthcare & Speciality label businesses. |
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