Swedish polyethylene film producer Trioworld (Smålandsstenar; www.trioworld.com) has agreed to buy UK plastics film producer Quality Films (Wolverhampton; www.quality-films.co.uk) for an undisclosed sum. The deal marks the second acquisition in the UK so far this year after taking over Eurofilms Extrusion in March (see Plasteurope.com of 16.03.2022). The transaction is not subject to regulatory requirements or approvals.

With its head office and production in Wolverhampton, Quality Films has an annual turnover of EUR 14 mn and employs roughly 35 staff. It produces and supplies high-performance stretch film to customers in the food, beverage, and industrial packaging industries.

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“With our joint forces, we will continue to develop in the UK market with focus on sustainable high-performance solutions for load security”, says Per Holtstrand, Trioworld’s divisional president of stretch film.

CEO of Quality Films Matthew Nicholson added, “We see Trioworld as a very good owner and partner in developing our business to the next level. Both parties bring strong knowledge of top-quality products, close customer service, and circular solutions to the market. Together we will be able to create more value for our customers.”