Flexible packaging firm GualapackGroup has acquired a majority stake in Tradbor Indústria e Comércio (Tradbor Stand-up-Pouches), a pre-made stand-up pouches manufacturer in So Paulo, Brazil.
The Brazilian company is stated to be the only one in the country to fully specialize in pre-made stand-up pouches. It operates a manufacturing park housing high-speed machines and flexible systems.
Tradbor produces a various pouches in different sizes.
GualapackGroup did not disclose its stake or any other details of the transaction. Founders of Tradbor, the Baumgarten family will continue to hold the remaining stake.
The new owners have plans to expand the Brazilian firm's scope with new ventures
The Italy-headquartered company expects the stake in Tradbor to give a boost to its operations in Latin America.
GualapackGroup CEO Michele Guala said: "I am pleased to announce the closing of this acquisition, which allows us to proceed with the important work in terms of integration, synergy harvest and positioning for further growth in Brazil.
"Indeed, the GualapackGroup intends to play a key role in the further development of the flexible packaging business in Brazil."
Last month, GualapackGroup purchased stakes in two Chinese flexible packaging firms Guangzhou Secure Packaging in Guangdong and Secure HY Packaging in Jiangsu, boosting its pouch manufacturing and laminates output capabilities.
Offering new business opportunities, the purchase of stakes in China is stated to have expanded the company's activities to segments other than food, cosmetic and pharmaceutical.
GualapackGroup, which was established in 2010 by the merging of two flexible packaging firms Safta and Gualapack, has manufacturing units in Europe, Commonwealth of Independent States, Latin America, US and the Far East.
