[ad_1]
Stratus Packaging Group has bought Freppel Imprimeur, a France-based producer of labels and printed media established in 1968.
Monetary specifics of the deal weren’t disclosed.
Freppel Imprimeur employs 60 workers and operates from a 5,000m² manufacturing web site, specializing in label manufacturing and print providers.
The transfer aligns with Stratus Packaging Group’s technique, which is “aimed toward strengthening buyer proximity, geographical protection, and industrial synergies”, in accordance with the corporate’s assertion.
With this acquisition, Stratus’ reported turnover stands at greater than €100m ($119m) and the mixed workforce of over 520 individuals.
Stratus Packaging CEO Isidore Leiser stated: “Because the creation of the Stratus Packaging Group, our ambition has been to develop each organically and thru exterior development, whereas respecting the elemental ideas that also information us right now: packaging options tailored to every shopper and every problem, a powerful sense of belonging, general efficiency, and steady enchancment of our staff.”
Freppel Imprimeur’s location in Alsace is predicted to supply new alternatives for Stratus, France, in addition to neighbouring Germany.
Freppel Imprimeur makes use of a wide range of printing methods, together with offset, display screen printing, flexography, and digital processes.
Its shopper base spans the meals, drinks, wines, spirits, and luxurious markets.
Freppel Imprimeur managing director Denis Maciuk commented: “This integration strengthens our complementarity within the wine, spirits, and luxurious markets, the place standard and digital applied sciences absolutely categorical their potential.
“This merger rapidly proved to be an apparent alternative, as Freppel Imprimeur and the Stratus Packaging Group share frequent values: family-owned companies, the identical spirit of innovation and funding, dedication, customer support, and workforce complementarity.”
“Stratus Packaging acquires French label producer Freppel Imprimeur” was initially created and printed by Packaging Gateway, a GlobalData owned model.
The knowledge on this web site has been included in good religion for common informational functions solely. It’s not meant to quantity to recommendation on which you need to rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. It’s essential to get hold of skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our web site.
[ad_2]
