Strategic alignment for concentration to core competences at the production site Diepoldsau
Greiner Packaging AG Switzerland, a company of Greiner Packaging International, will sell its product segment composite cans by 31 May 2009. The whole workforce of 16 can be further employed in the enterprise. The strategically motivated transaction permits Greiner Packaging AG Switzerland to focus on the segments k3 plastic-cardboad combinations and k2 plastic products. The composite can production is acquired by the German Weidenhammer GmbH & Co. KG, a medium-sized family-owned enterprise from Hockenheim and leading Europe-wide producer of composite cans.
Composite cans are rigid, round or out of round packagings made from a combination of different materials. They consist of 90% refined recycling paper, the bottom and the closure are made of plastic, carton or metal.
Buyers: the European market leader
By 31 May 2009 Greiner Packaging will discontinue its production of composite cans at the Swiss production site Diepoldsau. The product segment having a share of sales of approx. 7 % is taken over by the German Weidenhammer GmbH & Co. KG, an enterprise of the Weidenhammer Packaging Group. The parties agreed that the purchase price shall remain confidential.
Full concentration on k3 and k2
Andreas Frank, CEO of Greiner Packaging AG Switzerland, says: “This strategic step enables us to fully concentrate on our strengths. We are convinced that we’ve have made the right decision in favour of our corporate success in an economically challenging ambience.” In future, the production site Diepoldsau will fully focus on the growth markets with k3 plastics-cardboard combinations as well as k2 products of plastic material, using the processes deep-drawing and injection moulding for production. The relevant investments are already being implemented to be able to accommodate the still growing demand for these products.
Diepoldsau: efficient and state-of-the-art
By uniting all departments in the main plant “Hauptwerk 2” (see photo) the production areas are utilized even more efficiently. And there is another building project to this end: A new building is planned that is meant to pool all business functions including administration, engineering and apprentice training. An application for planning permission has already been filed. Thus the site of Greiner Packaging AG Switzerland is becoming one of the most modern production facilities for rigid plastic packagings in Europe.
Corporate Data Greiner Packaging International
Greiner Packaging is one of the leading enterprises in the European packaging industry. In 2007 the enterprise achieved an annual turnover of 351.7 million euros, which accounts for 32 percent of the overall turnover of the Greiner Group. Greiner Packaging employs a workforce of 2,869 in 21 production sites in Europe.
Corporate Data Weidenhammer Packaging Group
Weidenhammer Packaging Group with twelve production sites, about 970 employees and a scheduled annual turnover of 190 million euros in 2009 is one of the two leading suppliers worldwide of composite cans, composite drums, luxury tubes and plastic containers. Over the past five decades the medium-sized family-owned enterprise, which was established in 1955 in Hockenheim, has become market and technology leader in its market segment. Its clientele includes international branded companies such as Unilever-Bestfoods, Nestlé, Procter & Gamble or BAT.
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