AMB
Takeover of UK films manufacturer TDX
Rigid and flexible packaging manufacturer AMB (San Daniele del Friuli / Italy; www.ambpackaging.com) has acquired TDX (Gateshead / UK; www.tdx-tss.com), which produces PET, rPET and laminated rigid films for the food and packaging sectors. The combined companies are expected to create a "one-stop-shop" offering products and services such as tooling and concept design, product specification, print design and application. The two packaging producers expect sustainability and food safety to continue to be core to the activities of the new partnership.

The acquisition includes TDX's product design, prototype and tooling business. Financial terms of the transaction have not been disclosed.

AMB and TDX will have a total of four sites across Europe plus a network of distribution warehouses with 430 employees. In Italy, AMB has sites in Amaro, which comprises cast, slitter, logistic and sales, and San Daniele del Friuli, where there is the blown, cast and printed department. TDX has two locations in Gateshead, one of which is its extrusion business and the other the design, prototyping and tooling division. The companies are expected to generate a combined turnover of more than EUR 150m. Bruno Marin, CEO of AMB, sees this buy as a first major step in the company's new growth plans. AMB witnessed a strong 2018 see Plasteurope.com of 02.01.2019.
01.07.2019 Plasteurope.com [242823-0]
Published on 01.07.2019

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