Bulgarian plastic films and flexible packaging manufacturer Plastchim-T has agreed to acquire Italian peer Manucor. The financial terms of the transaction were not disclosed.
The acquisition will create a strong supply chain platform across Europe, the Middle East and Africa, with potential for further expansion, Manucor said in a press release. Additionally, the deal will boost joint manufacturing capacity to 200,000 tonnes annually and strengthen the logistics and distribution network in Europe, adding a scalable biaxially oriented polypropylene (BOPP) film volume.
Plastchim-T is one of the leading privately owned European manufacturers of BOPP films, cast polypropylene films and flexible packaging products, serving more than 50 markets globally. The company has three production and logistics centres in Bulgaria.
