Laminazione Sottile Group, based in Naples, announces the agreement for the acquisition of Ariflex, company located in Spinetta Marengo (AL) and specialised in the production of flexible packaging.
The company’s new name is IPS Ariflex (Industrial Packaging Solutions Ariflex).
Laminazione Sottile Group is one of the European leaders in rolled aluminium production, with more than 150.000 tons including bare and coated rolled aluminium products and food trays.
The new Laminazione Sottile Group’s investment will allow IPS Ariflex to keep the production in Spinetta Marengo in order to balance the demands for competitiveness imposed by markets with the support to local communities for a sustainable growth.
M. Moschini, CEO of Laminazione Sottile Group, said: “IPS Ariflex represents an important opportunity for Laminazione Sottile Group to expand our offer by including the light gauge aluminium products. In the years to come, this will open new horizons in the flexible packaging industry.
IPS Ariflex, taking advantage of the 95 years’ experience of Laminazione Sottile Group, will be able to compete in the international markets and reinforce its position.
The group synergies will be the basis to develop a robust business with a substantial potentiality of growth".
R. Conca, Plant Manager of IPS Ariflex added: “IPS Ariflex has a long experience in converting plain aluminium foil by printing, lacquering, laminating, embossing and slitting, according to customers’ specific requests.
Laminazione Sottile Group’s investment makes us part of a reliable, independent and fully integrated industrial group. This will guarantee our customers a technical and commercial support aligned to the strictest requirements”.
C.B. Rea, Commercial and Marketing Director of Laminazione Sottile Group, said: “With the acquisition of IPS Ariflex, Laminazione Sottile Group will offer the market a new array of gauges and applications of its rolled aluminium.
In partnership with our customers, we’ll be able to propose complete aluminium packaging solutions to satisfy the most various requirements.
We firmly believe that our joint team and the significant combined experience, knowhow and technology, will strengthen both IPS Ariflex and the whole Laminazione Sottile Group.
The acquisition of IPS Ariflex is another successful step of our Group to expand products portfolio and to fully meet our customers’ needs”.