QUALIPAC
Acquisition of Korean packaging producer Yon Hee Chemical / Expansion in Asia
Qualipac (30, rue d´Orleans, F-92200 Neuilly sur Seine), 50:50 joint venture between Sommer Allibert (F-92748 Nanterre Cedex) and Pochet du Courval (221, Quai de Valmy, F-75010 Paris), has bought a 66,7% stake in Yon Hee Chemical Co Ltd (92-54, Pungmu-Ri, Kimpo-Eup, Kimpo-Kun, Kyungki-Do, Korea), a manufacturer of plastic packaging for cosmetics and perfume.
Yon Hee, which specialises in metal plating and surface treatment, employs 140 and had sales of FRF 30m (EUR 4.57m) in 1998. With this acquisition, Qualipac reinforces its presence in Asia where it already has a production site in China.
The group´s other plants are in France: Auriplast (Chemin du Bousquet, BP 227, F-15002 Aurillac), LMA Packaging (ZI, 20 avenue de l´Europe, F-02407 Château-Thierry), Qualiform (Parc Industriel Ouest, chemin d´Arfontaine, Veyziat, F-01100 Oyonnax) and North America: Qualipac Corp. (130 Algonquin Parkway, Whippany, New Jersey / US). With 860 employees worldwide, Qualipac had sales of FRF 555m (EUR 84,6m) last year.
Yon Hee, which specialises in metal plating and surface treatment, employs 140 and had sales of FRF 30m (EUR 4.57m) in 1998. With this acquisition, Qualipac reinforces its presence in Asia where it already has a production site in China.
The group´s other plants are in France: Auriplast (Chemin du Bousquet, BP 227, F-15002 Aurillac), LMA Packaging (ZI, 20 avenue de l´Europe, F-02407 Château-Thierry), Qualiform (Parc Industriel Ouest, chemin d´Arfontaine, Veyziat, F-01100 Oyonnax) and North America: Qualipac Corp. (130 Algonquin Parkway, Whippany, New Jersey / US). With 860 employees worldwide, Qualipac had sales of FRF 555m (EUR 84,6m) last year.
30.11.1999 Plasteurope.com [17696]
Published on 30.11.1999