The GualapackGroup announced the acquisition of the Mexican converter Excel Nobleza S.A.P.I. de C.V.
The GualapackGroup will be leading the company into new business ventures in partnership with the Herrero Family, its original founder, which will remain in the management of the company.
With this acquisition, the Group establishes a laminates manufacturing presence in Mexico, demonstrates its strategy to expand globally in selected markets and reinforces its position on the American continent.
“This acquisition is a strategic fit for both Excel Nobleza and the GualapackGroup” explained Michele Guala, CEO of the Group. “The companies have complementary technologies, product portfolio and R&D resources that will enable the combined entity to provide a broader product offering, an improved innovation and development capacity from a more versatile, regional manufacturing footprint. It is also an exciting and significant step for the GualapackGroup, to acquire an integrated company committed to high quality printing laminates that offers our business the right growth platform to deliver the best products and services to valuable customers” added Michele Guala.
Four Partners Advisory acted as sole financial adviser to the GualapackGroup.
The GualapackGroup is the world leader of spouted pouches and filling machinery and a key global player of the flexible packaging industry. To date, it operates with direct manufacturing sites in Western and Central Europe (4), Ukraine, Latin America (2), Mexico and through joint ventures in the USA (1) and the Far East (2).