Protective packaging provider Storopack has acquired 100% of Italian company Alternative 1999.
The financial terms of the acquisition were not disclosed.
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Following the acquisition, Storopack will be able to improve its accessibility to local customers for protective packaging as it will have its own subsidiary in the Italian market.
Storopack EMEA Packaging Division president Birger Johnsen said: "The most important goal of the acquisition is to increase our market share in protective packaging solutions with Airplus, Paperplus and Foamplus.
"The enhanced presence, together with our well-established sales team, lays the foundation for further growth and ensures we have a good market position as a supplier of protective packaging and system solutions right across Italy."
Headquartered in Metzingen, Germany, Storopack operates through two divisions including Molding and Packaging and it is anticipating increased sales this year.
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By GlobalDataStoropack’s packaging division currently has locations across Europe, North America, South America and Asia. The company offers its products through distributors in over 40 countries .
The company claims that its Paperplus product range includes a variety of paper packaging systems ranging from light void-fill material to sturdy padding for reliable protection, while Airplus product line offers a wide range of air cushion types for void filling, padding, wrapping and securing.
Storopack’s Foamplus PU foam padding is adaptable to any shape, and thus effectively insulates the packed goods from the stresses of transport.
Image: Storopack offers protective packaging. Photo: Courtesy of Storopack.
