PETnews 6 NEWS PETplanet Insider Vol. 23 No. 06/22 www.petpla.net Netstal establishes subsidiary in Italy and appoints Alberto Rossi as Managing Director Alberto Rossi has taken over the position of Managing Director at the recently re-established subsidiary Netstal Italia S.r.l. Alberto Rossi thus indirectly succeeds Andrea Bottelli, who had successfully built up the former Netstal Italia S.r.l. since 1995 and then further developed the Italian market for both brands as Managing Director of KraussMaffei Italia from 2013 to 2020. From the new location in Gerenzano (VA), Alberto Rossi and his team will provide support to customers throughout Italy. The new building serves as sales and service hub and offers sufficient space for offices and a spacious spare parts warehouse. Netstal Italia currently employs eight people in sales, service and administration. Alberto Rossi has more than 30 years of experience in various roles with several market players in the plastics industry. His career began with a leading international manufacturer of plastic packaging, where he first encountered Netstal injection moulding machines to produce PET preforms and closures as a production engineer. From 1999 to 2008, he served as a sales and service engineer at Netstal Italia. After a stopover as Production Manager at a Netstal customer, he returned to KraussMaffei Italia in 2016 and acted in the same function for both the KraussMaffei brand and Netstal. Renzo Davatz, CEO of Netstal and member of the Executive Committee of the KraussMaffei Group, states: “Building a subsidiary is one thing. Handing over a healthy foundation with a stable customer base to the next generation is another thing. And that is exactly what Andrea Bottelli has done successfully. I am very pleased that Alberto Rossi is now taking over Andrea’s legacy and will further develop the company together. Alberto and his experienced team will continue to support all our customers in Italy with the same spirit that Andrea has given them over many years. We are delighted that the successful history of Netstal Italia is now writing a new chapter.” www.netstal.com United Caps appoints Vincent Chauvier to newly created CFO role United Caps, an international manufacturer of caps and closures, announced the appointment of Vincent Chauvier as Chief Financial Officer, a promotion from his previous role as Finance Director. Chauvier has an extensive track record in the financial field across a variety of companies and industries. He started his career with accounting firm KPMG working his way up to Audit Engagement Manager. Subsequently, Chauvier had financial management roles with a variety of companies, including his most recent role as Vice President of Finance & Administration for Ion Beam Applications S.A. where he was the Regional CFO and also oversaw legal, sales and marketing operations. He joined United Caps in November 2020 as Finance Director. In his new role, Chauvier will sit on the Executive Committee as a permanent member and report to CEO Benoit Henckes. Henckes said that the CFO role is also necessary since United Caps is now a bigger company than ever with capacity to grow even further, fuelled by customer demand thanks to investment in R&D capability and production capacity. www.unitedcaps.com Alpek concludes acquisition of Octal Alpek, S.A.B. de C.V. announced that it has received all necessary approvals from the regulatory authorities and has finalised its acquisition of Octal Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of Octal for U.S. $620 million on a debt-free basis. Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank loans. Alpek will assume control of Octal’s operations starting on June 1, 2022. The company expects an accretive EBITDA effect of approximately U.S. $120 million from these assets throughout the remainder of 2022, largely based on the better-than-expected polyester market conditions prevalent in recent months. This would increase the company’s comparable EBITDA Guidance to U.S. $1,370 million and Reported EBITDA Guidance to U.S. $1,485 million. “We are pleased to have concluded this acquisition ahead of the expected timeline,” stated José de Jesús Valdez, Alpek’s CEO. “We are excited to welcome Octal’s management team and employees into our family, leveraging their long-standing relationships with customers, their diverse backgrounds, and technical proficiency to drive the company’s long-term growth.” www.alpek.com
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