ÖHRINGEN, Germany, April 1, 2015 /PRNewswire/ --
- All approvals for the takeover are in place
- Integration of the new locations being prepared
- Joint platform will considerably expand HUBER's position in
the European chemical-technical tinplate packaging
market
The family-run HUBER Packaging Group from Öhringen in
Germany has successfully concluded
the acquisition of the CROWN chemical-technical tinplate packaging
facilities in Switzerland (Aesch),
Finland (Helsinki), Great
Britain (Liverpool), and
France (Rouen). HUBER announced
today that all the requisite approvals are in place. As such the
closing of the transaction announced in late 2014 has now
officially taken place. Both parties have agreed not to disclose
information about financial details and purchase price.
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With this acquisition HUBER, is expanding its market share in
its core business sector in Europe
and establishing market access to fields in which the company has
not yet been active. Internal teams of experts will now work on
concrete steps to integrate the new locations.
For HUBER the acquisitions represent an important milestone in
the strategic development of the company. HUBER is strengthening
its core business and laying the foundations for further growth.
Furthermore, with the new hub in Switzerland HUBER is putting the conditions in
place for establishing a competence center for plastic as a second
mainstay for the Group that will be viable in the future.
Thomas H. Hagen, CEO of the
HUBER Packaging Group explained: "With this acquisition we are
creating an even more efficient platform for our customers. We are
actively pushing ahead with the consolidation of the European
tinplate packaging market and with the competence center in
Switzerland are creating a second
mainstay that will be viable in the future. All the locations will
benefit from this. We extend a very warm official welcome to our
new colleagues in the HUBER family. We are convinced that with
their work profile the new facilities will fit in ideally with us.
Within the network we are providing each location with an
opportunity to contribute and indeed build up its strengths as a
local unit with good access to the market. Joint teams will now
prepare the next steps in the integration process. The values and
principles which have distinguished the family-run company HUBER
for 140 years now, and whose focus is the workforce, lead the way.
The backing and the support given by the owning families and the
Advisory Board - not only in the case of this acquisition and
internationalization - are a factor in the success of HUBER and an
important guarantee of stability".
About HUBER Packaging:
The family-run HUBER Packaging Group produces tinplate
packaging for food, paint, and chemical products. In the BEVERAGE
sector HUBER is specialized in the manufacture of party kegs, and
is the global market leader in this segment. The Group is
headquartered in the city of Oehringen in Baden-Württemberg. HUBER
employs some 700 members of staff at four locations in Germany, Austria and Hungary. HUBER reported sales of
approx. 142 million Euros in
2013.
With its new structure, HUBER will from today's point of view
in future have a payroll of some 1,150 staff at its
eight hubs and emerges as the clear no. 2 in the European market
(INDUSTRIAL). Sales turnover for 2014 will from
today's viewpoint be in the order of EUR
230 million for the new
organization.
For further information about HUBER please
visit http://www.huber-packaging.com
Contact:
Bernhard Kürschner
Head of Marketing and Public Relations
Otto-Meister-Strasse 2, 74613 Öhringen
Germany
Tel.: +49-(0)-7941 / 66-246
bernhard.kuerschner@huber-packaging.com