Pechiney’s subsidiary Pechiney Plastic Packaging Inc, has completed its acquisition of Novacel for US$90 million from Grupo Arteva and Grupo Bimbo.
Novacel is Mexico’s leading custom flexible packaging. The addition of Novacel to Pechiney gives them a Mexican operation and is consistent with their strategy to expand globally in selected markets.
Novacel manufacture flexible packaging products primarily for the food industry. They have 2 plants, which employ approximately 1000 people.
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