COEXPAN acquires RPC Montonate

mercredi 14 janvier 2015

The COEXPAN Division closed the acquisition of the Italian company RPC Cobelplast Montonate based in Sumirago, near Milan, last September.

RPC Cobelplast Montonate is a leading company in the rigid PET plastic extrusion industry with a strong presence in the European market. Its product applications are used in the thermoforming, packaging, printing, pharmaceutical and speciality markets.

According to Raúl Graña, the General Manager of COEXPAN, “the acquisition of RPC Cobelplast Montonate provides the COEXPAN Division with a unique opportunity to augment the company’s presence in a strategic PET resin application market and opens up new geographically complementary markets”.

Graña also appreciates that this acquisition permits “entry into new market segments and the introduction of innovative product solutions in line with the requirements of COEXPAN’s customers”.

The group’s chief executive explained that, through this purchase, “COEXPAN has reinforced its leading position in the rigid plastic market for food packaging applications, RPC Cobelplast Montonate offering us not only opportunities for growth in other markets, but also technological knowledge and financial strength”.

With this acquisition, COEXPAN now has thirteen Production plants in Germany, France, Italy, Spain, Russia, Chile, Brazil and Mexico with a total workforce of 800 employees.