German packaging solutions company All4Labels Global Packaging Group has announced the acquisition of Chile-based label converter AMF Etiquetas, a part of AMF Group.
The companies have not disclosed the financial terms or other specific details of this transaction.
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AMF Etiquetas will now operate as part of All4Labels Group.
The acquisition of this company is in line with All4Labels’ strategy to expand its presence in South America, as Chile is one of the major wine-exporting nations in the world.
It will also further support All4Labels’ global growth strategy.
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All4Labels’ chief sales officer and president for Central and South Americas Guido Iannone said: “By expanding our network to a strategically relevant location for the wine and spirit market, we will be able to cater for both existing and future customers with high-quality and industry-tailored products, including self-adhesive labels, wet glue labels, shrink sleeves and in-mould-labels.”
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By GlobalDataA part of AMF Group, AMF Etiquetas has been working actively in the domestic printing industry since 2009. It currently has a more than 7,200m² production facility in Chile, with over 110 employees at that site.
The company mainly provides its solutions to the food, wine and spirits, and other beverages sectors.
AMF Group president Darío Calderón González said: “The AMF Group was founded in 1945 by Alfredo Molina Flores and is still family-owned and managed by the third generation. Juan Ignacio Molina Crichton, a member of this third generation, will continue to manage the labels division.”
Crichton has extensive experience in the domestic market and will play a crucial role in supporting the rapid expansion plans of All4Labels across the region’s wine and spirits market.
The latest transaction marks All4Labels Group’s sixth acquisition of a packaging business in the region this year.
The company said that these acquisitions represent its strategy to make sustainable investments to drive long-term growth, professionalisation, as well as cross-regional expansion across the globe.
Last month, it acquired British digital packaging assets supplier Springfield Solutions.
