Asteria Group has acquired GT Etiketten & Labels, a label manufacturer based in Schoonebeek, the Netherlands.
Financial terms of the deal remain undisclosed.
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GT Etiketten produces digitally and flexographically printed labels, as well as blank labels manufactured in-house.
Its operations include eight-colour UV LED flexographic printing and label constructions such as duo-layer multilayer labels.
The company serves food labelling, beverage and cosmetics markets, among others, and works with a range of materials and adhesives for different applications.
The acquisition adds a production site in Schoonebeek to Asteria’s existing Dutch operations.
The location is intended to complement the group’s current production sites in the Netherlands and allow capacity, knowledge and specialist capabilities to be shared across its network.
GT Etiketten will become part of Asteria’s European production network, while its customers will have access to the group’s wider technologies and packaging capabilities.
Asteria Group CEO Ives Declerck said: “GT Etiketten represents exactly the kind of business we want to bring into Asteria: technically strong, flexible and close to its customers. Their expertise adds real value to our capabilities in the Netherlands, while their location strengthens our network geographically.
“By connecting that local knowledge and entrepreneurial approach with the capabilities of the wider Asteria Group, we can offer even more possibilities to customers – without losing the speed and personal service that make GT Etiketten successful.”
Last month, Asteria Group acquired Mercian Labels, adding the UK-based company as its 41st production location.
Mercian Labels operates from Burntwood, Staffordshire, and develops self-adhesive labels for food, drinks and pharmaceutical customers.
Its production work includes flexographic and digital printing, including inkjet, as well as finishing options.
According to a statement by Asteria, the acquisition broadens its presence in the UK labels market.
