Coexpan buys Chile-based thermoformer
BO Packaging will retain its flexible packaging and poly-coated paper operations in Brazil and Peru.
Coexpan's Chilean subsidiary, Coexpan Coembal Chile, bought the thermoforming business. Terms were not disclosed.
Coexpan officials said the deal allows the company to maintain its position as a leading player in packaging for the food industry while running three plants, with locations in Chile, Brazil and Mexico. The company extrudes and thermoforms packaging from polystyrene, polypropylene, PET and polylactic acid.
Coexpan Coembal's plant in Chile manufactures products for fresh foods, dairy products, personal care, household products and other markets.
Companywide, Coexpan runs 13 plants in eight countries: Spain, France, Germany. Italy, Russia, Chile, Brazil and Mexico. Coexpan has annual sales of more than 350 million euros ($397 million). Major markets are food and industrial packaging.To obtain reprints or copyright permissions:
» Publication Date: 07/02/2019
This project has received funding from the Bio-Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme under grant agreement Nº 745828