Plastics News in Brief - February 2021
Av Divests Polish company
Denmark: The plastic pipe manufacturer Inter Primo has sold its 49 percent stake in the Polish pipe manufacturer Spyra Primo to the joint venture partner Czeslaw Spyra.
Acquired German plastics company
Sweden: The industrial Group Indutrade has acquired the German medical technology company Tecno Plast. The company specializes in extrusion and disposable products in silicon rubber and PTFE.
Plastteknik Nordic postponed
Sweden: The fair organizer Easyfairs has postponed Plastteknik Nordic until 1-2 December 2021. The fair would have taken place in Malmö on 26-27 May,
BioBag bought by Novamont
Norway: Italian Novamont, a large producer of biochemicals and compostable bioplastics, has acquired BioBag International. The Norwegian company has subsidiaries in 9 countries and a turnover of approx. EUR 37,4 million.
MGS acquired Formteknik
Sweden: MGS has acquired the Swedish mold tool group FT Holding AB with companies in Sweden, Denmark and Germany. The North American company wants the business to grow in specialized niches in Europe, especially in Germany.
Patent pending
Sweden: Bioextrax AB has developed a manufacturing technology for production of environmentally friendly bioplastics. A patent application has been filed for the production method with which it is possible to extract PHA, from PHA bacterial cells.
Saxe in acquisition
Denmark: Saxe Group has acquired Allesøe Specialmaskiner Aps. The company manufacture special machines and solutions for industries such as the food, medicine and plastics industries.
Fiberline's new partner
Denmark: The Dutch investment company ABN Amros Energy Transition Fund has acquired 34 percent of the shares in the composite company Fiberline Composites, which means new capital to expand the operations in composite pultrusion towards the wind turbine industry.
New agency for Feddersen
Sweden: Protec Scandinavia, a company in Feddersen Group, got the agency for Italian Alessiohitech in the Nordic and Baltic countries. The Italian company is a major manufacturer of industrial equipment for the foam industry.
A 15-year contact
Norway: Viplast moves in with the salmon producer, SinkabergHansen. They have received a 15-year contract and made an investment of EUR 7.06 million. When the production picks up speed, they will produce about 20,000 EPS boxes with associated lids daily.
Faerch has a new owner
Denmark: The venture capital fund Advent International has sold the Danish plastics giant Faerch A/S to A.P. Møller Holding. The plastic packaging company is today valued at EUR 1.9 billion.
No more disposable plastic
Denmark: The medical technology company Ambu aims to increase sales of disposable products by more than 20 percent during 2021. At the same time they have an ambition to reduce their amount of plastic waste.
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