05 November 2024
05 November 2024
The move aims to combat the confusion regarding flexible packaging recycling in the UK.
Post-acquisition, Oliver will continue to operate under its current management team.
The new plant is set to produce up to 35,000t of rPET flakes and food-safe pellets annually.
The company’s net debt stood at $6.87bn as of 30 September 2024.
The acquisition is forecast to establish new competencies in folding carton and film converting for Veritiv.
The bags are created via the company's partner Papier-Mettler.
Oben aims to enhance its manufacturing capabilities and global presence via the deal.
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