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SilkAir acquires Polish BOPP film company to provide new capabilities for label sector materials

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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A few days ago, Silk Air Industries signed a binding acquisition agreement to acquire Flexpol, a Polish BOPP film manufacturer.
Completed in the first quarter

As one of the largest manufacturers of polypropylene products in Poland, Flexpol's sales revenue in 2019 was about 70 million US dollars, and its adjusted EBITDA was about 3.
7 million US dollars.
The company's customers are exclusively flexible packaging companies

"This business will bring increased label production capacity to our European market,

" said Jeffrey Martin, CEO of SilkAy
.

The acquired company will report directly to Kinther Bickner, who leads Innovia's global operations and is responsible for Sylvia's Food and Beverage and Health and Specialty Labels businesses

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