Alcan Inc. have announced that it has reached an agreement with the UK administrators of Parkside International, to acquire the assets of Parkside’s flexible food packaging plant in Zlotow, Poland. This acquisition is a further step in Alcan Packaging’s strategy of developing its geographic footprint in growing and competitive economies.
"Parkside Flexibles Poland has excellent plant infrastructure and equipment, as well as a well-trained workforce," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "This acquisition will enable us to significantly increase our capability in the attractive Central and Eastern European markets, allowing us to develop a competitive industrial base, from which to better serve our existing and new customers," she added.
The plant employs 150 people and has state-of-the art flexoprinting capabilities and room for expansion. The amount of the transaction has not been disclosed. This project is subject to the approval of Polish and German anti-trust authorities.