CPH Group division Perlen Packaging is set to acquire a majority stake in Brazil’s Sekoya Indústria e Comércio for an undisclosed amount.

Under the terms of the acquisition, Perlen Packaging will acquire a 60% shareholding of Sekoya with retroactive effect from 01 January this year.

Founded by current owner Wellington Branquinho in 2012, Sekoya is currently Perlen Packaging’s representative and business partner for the Brazilian market.

Following the completion of the deal, Branquinho will continue to lead Sekoya and its team.

“This acquisition marks a further major step in our packaging division’s implementation of its global business strategy.”

The acquisition is expected to be completed by the end of the next month.

CPH Group CEO Peter Schildknecht said: “We are delighted that Perlen Packaging will now have its own distribution company and finishing plant not only in North America but in Latin America, too.

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“Following our expansion in Asia, this acquisition marks a further major step in our packaging division’s implementation of its global business strategy.”

In addition to distribution activities, Sekoya also operates a finishing plant in Brazil that makes film products for the pharmaceuticals customers based in the region.

The acquisition is expected to enable Perlen Packaging to improve its supplier flexibility and serve the Latin American market efficiently.

In the upcoming months, Sekoya is also scheduled to move to a new business location in Goiania that will allow it to expand further.

Headquartered in Switzerland, CPH Group manufactures and distributes chemical products, wood-based paper, and pharmaceutical packaging films.

Along with its subsidiaries, the group maintains eight production facilities in Switzerland, Germany, the US, Bosnia-Herzegovina and China.

Perlen Packaging is focused on manufacturing a range of PVC monofilms and coated PVdC barrier films for the pharmaceuticals industry.