SAPA
Automotive supplier acquires two Berry Global plants
 The forests of southern Estonia are home to one of the former Promens plants (Photo: Promens) |
Italian automotive supplier Sapa (Arpaia; www.sapagroup.net) said it has purchased two production plants from US packaging group Berry Global (Evansville, Indiana; www.berryglobal.com), one each in the Netherlands and Estonia.
Related: Berry Global considers sale of films and nonwovens division
Both first were part of Promens, which was acquired by RPC in 2015, which in turn became part of the Berry group in 2019.
The Dutch facility in Zevenaar primarily manufactures components for trucks and other utility vehicles. It has 28 injection moulding machines with clamping forces between 400 kN and 32,000 kN.
Together with its sister plant in the Estonian borough of Rongu, the unit most recently posted sales of EUR 105 mn. The two plants together employ 600 people.
Sapa is not only expanding its presence in the utility vehicles market with the latest acquisition, but it is also gaining access to important new customers such as Volvo, Scania, and Daimler Truck, the company said.
The Italian automotive supplier said the latest takeover will push its pro-forma turnover past the EUR 400 mn mark.
Related: Sapa expands into Spain, Morocco with 2023 Hispamoldes acquisition
The family-managed group is headed by founder Angelo Affinita. It manufactures vehicle interior, bodywork, and engine compartment parts.
Sapa is known mainly for its so-called one-shot technology, which is used to produce the parts in a single process.
The sale of the two plants is presumably part of Berry’s recently announced cost-cutting measures.
Related: Berry Global Q4 revenues dip 10% on soft demand
Related: Berry Global considers sale of films and nonwovens division
Both first were part of Promens, which was acquired by RPC in 2015, which in turn became part of the Berry group in 2019.
The Dutch facility in Zevenaar primarily manufactures components for trucks and other utility vehicles. It has 28 injection moulding machines with clamping forces between 400 kN and 32,000 kN.
Together with its sister plant in the Estonian borough of Rongu, the unit most recently posted sales of EUR 105 mn. The two plants together employ 600 people.
Sapa is not only expanding its presence in the utility vehicles market with the latest acquisition, but it is also gaining access to important new customers such as Volvo, Scania, and Daimler Truck, the company said.
The Italian automotive supplier said the latest takeover will push its pro-forma turnover past the EUR 400 mn mark.
Related: Sapa expands into Spain, Morocco with 2023 Hispamoldes acquisition
The family-managed group is headed by founder Angelo Affinita. It manufactures vehicle interior, bodywork, and engine compartment parts.
Sapa is known mainly for its so-called one-shot technology, which is used to produce the parts in a single process.
The sale of the two plants is presumably part of Berry’s recently announced cost-cutting measures.
Related: Berry Global Q4 revenues dip 10% on soft demand
30.01.2024 Plasteurope.com [254500-0]
Published on 30.01.2024
German version of this article...