Home Tags Converting
South African converter Mondi Group has completed the acquisition of German components producer Ascania nonwoven from investment group Schloss Neugattersleben in a bid to strengthen its position as the preferred supplier of hygiene components and medical applications.
Austrian rigid plastics packaging converter Greiner Packaging has acquired a 51 per cent majority in Turkish firms Teknik Plastik and Teknik IML from the Özata Group. Greiner claims that the deal now makes it the market leader in rigid plastics packaging for dairy products in Turkey.
Private equity firm 3i Group plc is to invest approximately €250 million ($280m) in German plastics packaging converter Weener Plastic Packaging Group (WPPG), with the aim of growing the firm’s market share internationally. Former shareholder Lindsay Goldberg Vogel has sold its stake in WPPG as part of the deal.