Emballator Lagan Plast acquires Tectubes Sweden ABPosted 2014-03-04
Emballator Lagan Plast AB, in Ljungby, Sweden, has on March 3rd 2014 acquired Tectubes Sweden AB of Sidel, a company within the Tetra Laval Group.
Tectubes Sweden AB is the leading supplier of tubes for food, medicine, pharma, chemistry, engineering, cosmetics, and household products in the Nordic area. They offer aluminum tubes, moulded and extruded plastic tubes and related services concepts. The annual sales amount is approximately SEK 250 million and they are about 140 employees. Tectubes delivers annually approximately 300 million tubes worldwide. The company has operations in Hjo and Åstorp, Sweden.
Tectubes Sweden AB has for some time sought a new strong and competent owner who can help them to develop the company in a favorable direction, where we can together ensure the long term development of the company.
The aim is that working together we will create sustainable packaging concepts with focus on the customer experience and feelings.
Christian Silvasti, Emballator Lagan Plast CEO commented -“The acquisition of Tectubes broadens and strengthens Emballators offer to the market. We will implement our Lean philosophy and principles in the companies and we strongly believe that this will lead to positive effects for both parties and most important, for our customers. We welcome Tectubes to the Emballator family.
Emballator Lagan Plast positive trend continues, even if the primary focus is profitable organic growth, we are adding acquisitions when opportunities arise”, concludes Silvasti.
Verkställande Direktör/Managing Director/CEO
Mergers & acquisitions responsible Emballator Group
Emballator Lagan Plast AB