Bubble wrap: strategic acquisitions
Headquartered in the province of Novara, the Colines Holding group (GCH) - builder of machines and lines for processing plastics, as well as film extrusion systems - has finalized a business branch lease agreement aimed at the acquisition of a branch of the concern Torninova di Bastia Umbra (PG).
The latter represented by Mr Massimo Mencarelli, is active in the construction, assembly and maintenance of installations for processing plastic and bubble wrap in particular.
Thanks to this integration, Colines intends to strengthen also its predominant global sales volume - besides its technological superiority - in the field of machinery for producing protective air-bubble film.
«This operation - remarks Eraldo Peccetti, President and CEO of GCH - s the result of a perfect synergy between Colines’ production of high tech machinery for bubble wrap films (and more) since the early 1970s and Torninova’s design of a wide range of lines for the same application and sale of them worldwide since the 1990s».