Dutch packaging supplier Weener Plastics (WP) Group has completed the acquisition of Russia-based bottle manufacturer Artpack for an undisclosed amount.
The acquisition is expected to be part of WP’s global expansion strategy.
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Founded in 2003, Artpack is located in Dzerzhinsk, Nizhny Novgorod, approximately 400km east from Moscow.
In addition to producing plastic bottles for the personal and home care industries, Artpack is reported to have significant technological capabilities and a highly qualified staff.
The Russian firm has been a reliable, long-term supplier for a number of global brands.
WP Russia general manager Yaroslav Sidorov said: “We are pleased to welcome Artpack to the Weener Plastics Group.
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By GlobalData“Russia is an attractive growth market for us. By acquiring Artpack, we can further strengthen our leading position in Russia and enhance our offer of integrated plastic packaging solutions.”
Headquartered in Ede, WP designs, develops and manufactures added-value caps, closures, roll-on balls, jars and bottles for the personal care, food and beverage, and home care markets.
The company is a full-service global supplier of new plastic packaging solutions, with 3,000 employees and 25 facilities worldwide.
By offering more sustainable solutions, the company helps customers to reduce their carbon footprint.
