Luxembourg-based caps and closure producer United Caps has acquired Spanish closures manufacturer Embalatap for an undisclosed sum.
Embalatap primarily produces caps and closures for clients in the edible oils and vinegar sectors in Spain, and the company produces in excess of a half billion caps and closures annually.
United Caps says that the acquisition strengthens its own product portfolio, as Embalatap’s product range will now be marketed under the United Caps name.
United Caps has said that all 30 Emabalatap employees will keep their jobs and join the company, and the manufacturing facility in Sopelana, Spain will remain operational.
Benoît Henckes, CEO of United Caps said: “By incorporating Embalatap solutions into our portfolio, we give customers a one-stop shopping experience for a broader range of closure solutions.
“Since there is virtually no overlap in customers or product lines we don’t anticipate discontinuing products from either company in the near term.”
Oscar Rojo, managing director of Embalatap said “We are pleased to be joining the United Caps family.
“As a market leader in caps and closures, United Caps brings us additional market reach, an expanded sales capability and a great support infrastructure, while our line of closures, especially for edible oils, extends United Caps’ portfolio in this lucrative market.
“We look forward to continued growth as part of United Caps.”
Source: FoodBev
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