Aluminium: acquisitions
Laminazione Sottile Group (NA) announces the agreement for the acquisition of Ariflex, company located in Spinetta Marengo (AL) and specialised in the production of flexible packaging.
The company’s new name is IPS Ariflex (Industrial Packaging Solutions Ariflex).
The investment means production can stay in the Piedmontese works, in order to balance the demands for competitiveness imposed by markets with the support to local communities for a sustainable growth.
As Massimo Moschini, CEO of Laminazione Sottile Group, stated: «IPS Ariflex represents an important opportunity for the Laminazione Sottile Group to expand our offer by including light gauge aluminium products. In the years to come, this will open new horizons in the flexible packaging industry. IPS Ariflex in turn, taking advantage of the 95 years’ experience of our Group, will be able to compete in the international markets and reinforce its position».
R. Conca, IPS Ariflex Plant Manager added: «The investment makes us part of a reliable, independent and fully integrated industrial group. This will guarantee our customers technical and commercial support aligned to the strictest requirements as far as converting plain aluminium foil by printing, lacquering, laminating, embossing and slitting is concerned».
Bruno Rea, Commercial and Marketing Director of Laminazione Sottile Group, said: «We firmly believe that our joint team and the significant combined experience, knowhow and technology, will strengthen both concerns. The synergies of the group will pave the way for a longstanding business with considerable growth potential: we will thus be able to offer the market a new array of rolled aluminium gauges and applications. In partnership with our customers, we’ll be able to propose complete aluminium packaging solutions to satisfy the most various requirements».
Laminazione Sottile Group is one of the European leaders in rolled aluminium production, with more than 150.000 tons including bare and coated rolled aluminium products and food trays.
