Axium Packaging, which specializes in the manufacture of jars, bottles and closures in PET, recycled PET, & PP, PCR PP for the hygiene-beauty and food markets, has just completed a new external growth operation: the acquisition of the Italian company Silte srl.
Silte srl, a family-owned SME based in Budrio near Bologna, Italy, specializes in the manufacture of extrusion blow-molded and cold cycle blow-molded jars and bottles for the Italian hygiene-beauty, cosmetics and detergents markets. Founded in 1970, the company generates sales of 7.5 million euros and employs 25 people at its Italian production site.
The integration of Silte srl into the group enables Axium Packaging to strengthen its presence in Italy, and enhances the group's standard and specific packaging offer, while remaining in line with its strategic development objective: to offer its customers eco-designed packaging comprising a container and a customized closure solution.
Complementary in its plastic packaging offering, Silte srl will thus benefit from the synergy of development with the group's other entities to strengthen its product and service offering on the Italian market, particularly for the food industry.
This acquisition strengthens the position of the Axium Packaging Group, which is now present in Europe with five production sites employing 385 people and consolidated sales of almost €80 million after this acquisition.
Photo from www.axium-packaging.eu
