Axium Packaging acquires Italian company Silte srl
Axium Packaging, specialising in the production of jars, bottles and closures in PET, recycled PET & PP, PCR PP for personal care and food markets, has signed the acquisition of the Italian company Silte srl.
Silte srl, family-owned SME based in Budrio next to Bologna in Italy, is specialising in the production of bottles and jars by extrusion blow and by blow moulding in 2 steps for the Italian markets of personal care, cosmetics and detergents. Founded in 1970, the company Silte generates a turnover of €7.5 million and employs 25 people at its Italian production site.
The integration of the Italian company within the group is intended to enable Axium Packaging to strengthen its presence in Italy and is expanding the ranges of customised and standard packaging from the group while remaining in line with the strategic development objective. This includes offering eco-designed packaging including a customised container and a closure solution, says Axium. The acquisition is claimed to strengthen the position of the group, which is established throughout Europe and currently has five production sites employing 385 people, with consolidated turnover of almost €80 million after this acquisition.
Complementing its range of plastic packaging, Silte is expected to leverage synergies within the group’s other companies to enhance its products and services offerings in the Italian market, with a particular focus on the food industry.
