The GualapackGroup has successfully completed the acquisition of substantially higher stakes in two Chinese flexible packaging companies: Guangzhou Secure Packaging Co., Ltd. in Guangdong and Secure HY Packaging Co., Ltd., in Jiangsu.
With this move the Group strengthens its pouch manufacturing and laminates production capacities as a complete provider on the Chinese, Far East Asian & Pacific markets, in collaboration with its longstanding Japanese partner Hosokawa Yoko Co., Ltd.
The reinforced production network will offer new business development opportunities in the region, as well as a future-oriented product portfolio in attractive segments other than for the food, cosmetic and pharmaceutical markets to our customers.
The GualapackGroup is the world leader of spouted pouches and filling machinery and a key global player of the flexible packaging industry. To date, it operates with direct manufacturing sites in Europe (4), Commonwealth of Independent States (CIS, 1), Latin America (1) and through joint ventures in the USA (1) and the Far East (2).
Source: World Press Online