(Photo credit: AXIUM PACKAGING)
Expansion
AXIUM PACKAGING, specializing in the production of jars, bottles and closures in PET, recycled PET & PP, PCR PP for personal care and food markets, has just completed a new external growth operation.
AXIUM PACKAGING has signed the acquisition of the Italian company SILTE srl. SILTE srl, family-owned SME based in Budrio next to Bologna in Italy, is specialising in the production of bottles and jars by extrusion blow and by blow moulding in 2 steps for the Italian markets of personal care, cosmetics and detergents.
Founded in 1970, the company SILTE srl generates a turnover of €7.5 million and employs 25 people at its Italian production site.
The integration of the company SILTE srl within the group enables AXIUM PACKAGING to strengthen its presence in Italy and is expanding the ranges of customised and standard packaging from the group while remaining in line with the strategic development objective: offering to our customers an eco-designed packaging including a customised container and a closure solution. Complementary in its offer of plastic packaging, SILTE srl will thus benefit from the synergy of development with the other group companies in order to strengthen its products and services proposals on the Italian market especially for the food industry.
This acquisition further strengthens the position of the AXIUM PACKAGING group, which is established throughout Europe and currently has 5 production sites employing 385 people, with consolidated turnover of almost €80 million after this acquisition.
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