PETpla.net Insider 05 / 2013

NEWS 9 PET planet insider Vol. 14 No. 05/13 Erema reports positive 2012/13 Erema, the Austrian recycling machinery manufacturer, has reported increased sales revenues in the year to the end of March 2013. Consolidated group sales, including Erema North America Inc. and 3S GmbH in Roitham near Gmunden were in the region of €117 million, an increase of approximately 10% over the previous year. The increase has been ascribed by the company to rising demand for plastic as a secondary raw material and the company’s growth strat- egy, which included the launch of new products, the opening of its new customer centre, and the installation of a new ERP (enterprise resource planning) system. Erema has invested €4.5 million in the expansion of its headquarters building and plans to present new products at the K 2013 trade fair. www.erema.at Constantia takes Spear Austrian company Con- stantia Flexibles Group has signed a deal to acquire global label manufacturer Spear Group. Spear has been a leading supplier of pressure sensitive labels to the bever- age industry since 1982. The company has sales of approxi- mately US$ 195 million with 650 employees located at four facilities in North America, one site in Europe (Wales/UK), one site in South Africa and a sales office in Singapore. It also has a growing business providing re-sealable products primar- ily for the food and snack markets. Constantia Flexibles supplies customers across the world in the food, pet food, pharmaceutical and beverage industries with flexible packag- ing. It employs more than 6500 people in 20 countries. This acquisition, which is subject to regulatory approval, is part of its ongoing international growth strategy. The compa- nies agreed not to disclose the price of the transaction. www.spearsystem.com