US private equity firm One Equity Partners and German packaging company Schoeller Holding GmbH have received clearance from the European Commission to purchase plastic packaging maker Schoeller Arca Systems.
The deal will become final in one month unless the commission receives objections from third parties.
Financial details were not disclosed.
Polimoon, the French plastics manufacturer acquired by Icelandic company Promens early this year, has changed its name to Promens.
The name change coincides with the launch of a new logo, designed to communicate the energy and ambition of the group.
SECTOR FORECASTS
The rigid tubular aluminium packaging market is expected to fluctuate over the next five years, increasing one percent by 2012, according to a recent report by Market & Business Development (MBD).
The research firm says sales will increase in the short-term to a peak of £293.9m at 2007 prices in 2009.
Despite this, demand is forecast to decline by three percent over the next two years, before recovering to a one percent increase for 2012.
MBD says trading conditions are expected to remain "difficult" over the next five years, reflecting cost disadvantages of aluminium as a packaging material.
MBD have also released a report on the steel food and drink packaging market, forecasting a seven percent decline over the next five years.
The report says the steel food and drink container sector is one that is most open to speculation in the face of potential competition from carton and plastic packaging options.
MDB say market conditions are likely to be hindered by the maturity of the canned food sector as packaging companies seek to increase the appeal of light metal packaging, which is often regarded as old fashioned and has developed an association with low-quality goods.
Source: packaging-technology
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment