Successful completion of acquisition of Eurofoil – Paper Coating by AR Metallizing
AR Metallizing NV has announced the successful completion of its acquisition of Eurofoil – Paper Coating GmbH in Berlin from Aluminium Investment Company Ltd. The transaction was first announced on 11 November 2019 and has been approved since then by the relevant regulatory authority.
Eurofoil – Paper Coating GmbH is a sizeable European manufacturer of laminated and metallised inner liners. In the past 60 years, it has built a comprehensive portfolio of inner liners encompassing laminated, metallised and pure slitted and coated paper products. The acquisition strengthens AR Metallizing’s global footprint and the inclusion of Eurofoil – Paper Coating GmbH’s staff takes AR Metallizing’s headcount to approximately 700.
Eurofoil – Paper Coating GmbH’s plant in Berlin is well equipped and enjoys a strong asset base with highly automated equipment, including water based lacquering and metallizing lines, which are among some of the fastest in the world. The plant enjoys all the key certifications to serve its customers efficiently.
‘We are delighted to have completed the acquisition within such an ambitious timeframe and look forward to fully integrating Eurofoil – Paper Coating GmbH under the AR Metallizing brand in the coming weeks,’ said Dr Bart Devos, AR Metallizing’s CEO. ‘As well as growing our production capacity and meeting increased customer demand, the acquisition of Eurofoil – Paper Coating GmbH has expanded the number of products we can offer for direct food contact packaging applications. Likewise, the acquisition will allow us to strengthen our position as a provider of choice for multinational firms looking to use eco-friendly, paper-based packaging and labelling materials.’
‘The acquisition of Eurofoil – Paper Coating GmbH marks a new chapter for AR Metallizing, and they can count on Nissha’s ongoing support as they look to extend the portfolio of products available under the AR Metallizing brand, most notably sustainable paper based materials,’ said Junya Suzuki, chairman of the board, president and CEO of Nissha.