Germany-based packaging manufacturer All4Labels Global Packaging Group has announced the acquisition of UK-based digital packaging assets supplier Springfield Solutions.

The companies have not disclosed the financial details and other terms and conditions of this transaction.

The deal is subject to certain customary closing conditions.

Following this transaction, Springfield Solutions will become a subsidiary of All4Labels Group.

However, the acquisition will not affect the owners and management team of Springfield Solutions, who will continue to manage their business while accelerating the growth of All4Labels in the UK market.

All4Labels COO Günther Weymans said: “We are happy to welcome the entire Springfield Solutions team as new members of the All4Labels Global Packaging Group.

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“We believe that Springfield Solutions with their vision to be a world leader in the supply of innovative and sustainable digital packaging assets complements our digital business perfectly.

“With both our sites in the UK All4Labels will now be able to offer a wider range of products and services to an even broader range of customers both locally and on an international level.”

With this acquisition, All4Labels Global Packaging Group, which incorporates All4Graphics, aims to expand its global growth strategy.

This deal is in line with All4Labels’ strategy to become one of the leading business units in the UK, as part of which the company previously acquired Olympus Print Group, the first subsidiary of All4Labels in Leeds, UK.

The transaction also supports All4Labels’ sustainable investments plan to facilitate its long-term growth, professionalisation, innovation and cross-regional expansion in the European, as well as global markets.

Springfield managing director Matt Dass said: “We are extremely excited to join the All4Labels Global Packaging Group, from our very first discussion it was clear that our vision, mission and values are completely aligned.

“Partnering with All4Labels and its packaging design unit All4Graphics will accelerate our joint vision of being the world leader in the supply of sustainable, digital packaging assets.”