Eastern Expansion for Emballator Metal GroupPosted 2017-06-07
The Swedish packaging company Emballator Metal Group has the 1st of June acquired all shares in the Finnish competitor Metalpak from Kiilto Family Oy.
─ We are very satisfied to work now together with a well-respected competitor, says Mats Nilsson, CEO Emballator Metal Group. This is totally in line with our strategy aiming to strengthen our presence and market position in Finland, the Baltic Countries and Russia.
Emballator Metal Group, part of the Swedish Herenco Group, acquires all shares in the Finnish competitor Metalpak. Emballator Metal Group, with head office in Ulricehamn Sweden, manufacture and market tin plate packaging, mainly for the paint- and chemical industry. Last year’s turnover was approximately 530 MSEK and the number of employees 200.
Metalpak is a branch colleague in Finnish Tampere, with a 10 MEUR turnover and 37 employees. The seller is family owned company Kiilto Family Oy, mainly active within the chemical industry.
─ Finland is an important market for Emballator Metal Group, and it is of strategic importance to be present with production in the country. It also facilitates our ambitions to strengthen our market position in this area. Russia and the Baltic Countries are markets where we aim to grow, explains Mats Nilsson. Metalpak also has a considerable part of their sales within the food-industry, where the Emballator Metal Group has a potential for development.
─ We are convinced that together with the competence within Metalpak we can develop our ability to serve our customers. There will be growth possibilities for both business and people, finishes Mats Nilsson.
For further information, please contact:
Mats Nilsson, CEO
Phone: +46 (0) 70 356 30 02