The French manufacturer of plastic jars, bottles and closures (PET, recycled PET and PP, PCR PP) for personal care and food markets, has just completed a new external growth operation with the acquisition of the Italian company Silte srl.
A family-owned SME based in Budrio next to Bologna, Silte is specialising in the production of bottles and jars by extrusion blow and by blow moulding in two steps for the Italian markets of personal care, cosmetics and detergents.
Founded in 1970, the company Silte srl generates a turnover of EUR 7.5 million and employs 25 people at its Italian production site.
The integration of the company Silte srl enables Axium Packaging to strengthen its presence in Italy and is expanding its ranges of customised and standard packaging.
“Complementary in its offer of plastic packaging, Silte srl will thus benefit from the synergy of development with the other group companies in order to strengthen its products and services proposals on the Italian market especially for the food industry,” said Axium Packaging in a statement.
Axium Packaging now runs 5 production sites throughout Europe, employing 385 people, with consolidated turnover of almost EUR 80 million after this acquisition.