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Danapak sells its plastic tubs business

Press Release   •   Aug 20, 2001 09:50 CEST

The packaging company, Danapak, which is part of the Arla Foods Group, has sold off its smallest business unit, plastic tubs and lids, to the global packaging group, Rexam PLC, as from August 10, 2001. The sale price is DKK 192 million.

The deal comprises the plastic tub factory at Stilling in Eastern Jutland, which has approx. 130 employees, as well as machinery and other equipment from the plastic tub factory at Nummela in Finland. A supplier agreement with Arla Foods is included in the sale.
Rexam PLC has announced that production at Stilling will be maintained and further developed. The factory in Finland, however, will be sold during the autumn. The closure will affect 80 employees.
“The sale to Rexam provides Danapak and Arla Foods with an international partner with the strength to ensure that Arla Foods continues to have access to the most advanced technology within the field of plastic tubs and lids,” said Danapak’s Managing Director Mikael S. Christiansen.
Headquartered in London, Rexam PLC, has a turnover in the region of DKK 40 billion per annum. The group employs a staff of 24,000 in 30 countries.
The Rexam deal allows Danapak to focus on its core business areas, cartons and flexible packaging, where Danapak ranks among the largest suppliers in the Nordic countries. With a turnover of approx. DKK 860 million, Danapak has approx. 620 employees in Denmark, Sweden, Germany and the UK.