Plast-Box Group, one of the leading producers of plastic packaging for the B2B sector in Europe, has finalized the acquisition of Grupa Suwary S.A. according to the concluded investment agreement. Plast-Box S.A. acquired a majority stake in the Company.
– The acquisition of Suwary is a reason for satisfaction for me and a confirmation of our pro-development strategy – says Grzegorz Pawlak, President of the Management Board of Plast-Box S.A. – I welcome the employees to the Plast-Box Group. I am glad that together we will be able to take up new market challenges. I am convinced that this incorporation will strengthen both companies and translate into an increase in the value of the entire Group – he adds.
Suwary S.A. is a manufacturer of modern plastic packaging, including those dedicated to the automotive, construction, and gardening industries, created under recognized quality standards (ISO 9001). As part of the takeover, the Kartpol Group – a manufacturer of packaging for silicones, acrylics, and other sealing compounds used in the construction industry – will also join the Plast-Box Group. Thanks to the acquisition, the Plast-Box Group is expanding its complementary packaging offer and gaining new competencies in the competitive market.
– The incorporation of Suwary and Kartpol Group into the structure of the Plast-Box Group further strengthens our position in the packaging market – says Grzegorz Pawlak, who also assumed the function of the President of the Management Board of Suwary S.A. – Together, we can offer a wider portfolio for customers and enter new markets. The new investment is aimed at even more fully exploiting the potential of the Plast-Box Group, as well as implementing the business diversification strategy. Of particular importance are the opportunities that the acquisition opens up in new markets, e.g. automotive accessories, where the Plast-Box Group has not been present so far. Suwary S.A. is also a manufacturer of plastic canisters, bottles, and caps.
The Plast-Box capital group, headquartered in Słupsk, is one of the most modern companies in Poland and Europe producing hard plastic packaging. It specializes in the production of technologically advanced buckets and containers. It also produces conveyors for the food industry and other utility products sold in retail chains. Its recipients are both large international corporations and smaller entities.