Antalis acquires German packaging company Speidel Verpackungen

Antalis has extended its foothold successful Europe with the acquisition of Speidel Verpackungen, a German shaper of custom-made packaging solutions.

Financial presumption of the woody stay undisclosed.

Established successful 1981, Speidel Verpackungen employs 60 radical and reported a gross of astir €17m ($19.5m) past year.

The institution develops packaging products for customers successful assorted sectors specified arsenic aesculapian technology, mechanical engineering, metalworking and automotive.

Its manufacturing enactment centres connected corrugated and heavy-duty corrugated board, alongside wood and foam materials.

Antalis described the customised packaging conception arsenic a "key maturation driver" for the company.

Antalis CEO Hervé Poncin said: "We are delighted to invited the squad of Speidel Verpackungen to Antalis. Its extended expertise successful bespoke packaging perfectly complements our packaging organisation and volition fortify our lawsuit offering."

Speidel Verpackungen managing manager Rainer Speidel noted: "Joining Antalis is simply a fantastic accidental for our company.

"As portion of a starring planetary radical successful the packaging industry, we volition person the resources and web to accelerate our growth, put successful caller technologies, and bring our innovative, sustainable packaging solutions to a wider audience."

Last year, Antalis completed the acquisition of The Packaging Company (Midlands) successful the UK for an undisclosed sum.

At the time, Antalis said the acquisition volition alteration it to diversify its merchandise offerings and that the combined strengths of the 2 businesses volition heighten their quality to conscionable the increasing request for sustainable packaging solutions.

"Antalis acquires German packaging institution Speidel Verpackungen" was primitively created and published by Packaging Gateway, a GlobalData owned brand.