Germany’s packaging specialist Thimm Group has announced its Polish joint venture is taking over local corrugated card-board packaging producer United Packaging S.A.
The acquisition is to be carried out by Top Packaging, a Poland-based joint venture of Thimm Group, which holds a 51% stake in the firm, and Spain’s Saica, which has 49% of the shares in the business, the manu-facturer said in a statement.
United Packaging operates a production facility located in Skarbimierz, in Poland’s south-western region of Lower Silesia. The plant is operated by a workforce of about 100 employees.
The acquisition is to be finalised following its approval by Poland’s com-petition watchdog UOKiK, according to the statement.