Dutch packaging group Novio Packaging Group BV has continued its merger and acquisition trend with the takeover of a duet of packaging firms earlier this week.
The group, which officially launched as Novio at the beginning of the year, announced the acquisition of German-Swiss packaging company Flacopac/Deflaco, effective as of 22 Jan.
This move increases the group's market share in Europe and gives the Netherlands-based company a significantly stronger presence in the industry.
Founded in 1974, Flacopac was originally strongly focused on the plastic film industry. In the eighties, it increasingly concentrated on distributing glass bottles and pumps and became a specialist in multi-component packaging.
Together with Swiss sister company Deflaco, Flacopac now develops packaging systems in glass and plastic. Some of the key products of the two companies include the Quickbrush system for nail polish and the Moduli roll-on units.
The two companies operate from Deizisau, Germany, and Thalwil, Switzerland, and employ 16 people in total.
Novio Packaging was formed in April last year as a holding company comprising the five packaging firms of Oosterbeek Packaging BV, Alpha Packaging International BV, Maer Flexibles BV, Maer Hong Kong Ltd and FehnPolycap GmbH.
The five companies joined forces as Novio Packaging, in a bid to “offer customers a broader range of services, backed up by improved international effectiveness.”
At the end of April, Novio merged with Danish Scandinavian Packaging AG, to expand its distribution channels in Scandinavia.
The company also acquired Netherlands-based Haal Verpakkingen BV in June last year to improve its cosmetic packaging expertise.