Page 92 - Plastics News December 2019

BusiNEss NEws

Alpek acquires UK PET facility Berlin Packaging acquires

from Lotte Chemical Netherlands-based Novio
Packaging Group
LFA Mexico has announced
Athat its subsidiary, Alpek erlin Packaging has completed the acquisition of
one of the largest petrochemical BNetherlands-based Novio Packaging Group.The two
companies in the Americas, companies have signed a definitive agreement for the
announced today that one of acquisition in October. The deal strengthens Berlin’s
its subsidiaries has signed an operations by positioning it as the first company in
agreement with Lotte Chemical Europe that supplies packaging for all markets and
Corporation to acquire a 100% substrates. As part of the deal, Berlin has retained all
stake in Lotte Chemical UK Novio employees and locations. Novio’s founders and
Limited, which owns and operates managing directors Erik Trum and Marck Jansen will
a 350,000 ton per year polyethylene terephthalate (“PET”) also continue in their roles. As part of the acquisition,
facility in Wilton, United Kingdom. "This acquisition Novio Packaging has joined Berlin Packaging’s existing
is well aligned with Alpek’s growth strategy, creating European companies. Berlin’s portfolio includes
substantial value by integrating the asset into our global speciality glass market leader Bruni Glass, closure
polyester footprint, marking our first acquisition outside experts Bruni Erben and four different companies.
of the Americas, and growing our current worldwide PET The combined businesses will own over 130 sales and
capacity to 2.8 million tons," said José de Jesús Valdez, warehouse locations across North America and Europe.
Alpek’s CEO. "Moving forward, our team is focused on It will also include a portfolio of more than 40,000
executing a seamless integration to capitalize on existing glass, plastic, as well as metal container and closure
momentum and capture synergies." The terms of the items. Berlin Packaging board executive chairman
agreement have not been disclosed, and the acquisition Michael Grebe said: “As with our company, Novio
is expected to be completed in the fourth quarter of 2019 Packaging’s strong performance is a testament to their
subject to customary government approvals. This step creative solutions, strong supply chain and emphasis
marks Alpek’s first acquisition outside the Americas, as on exceptional customer service. “By combining the
the company continues to grow its integrated polyester strengths of both companies, this acquisition helps us
platform. It also expands ALFA’s global footprint to 29 meet our high growth goals and solidifies our position
countries by adding its first production facility in the
UK.Commenting, Gordon Haire, Wood Mackenzie.Head of
Aromatics, said: "This change of ownership marks the exit
of Lotte Chemical from manufacturing PET in Europe. It
also establishes a strong platform for Alpek to become a
regional PET supplier in the European market. "This may
also have significant implications for regional PTA trade
flows, as Lotte Chemical exported around 110 ktpa from
Korea to the UK over the last few years. Similarly, Alpek is
a long-established supplier into the European PTA market.
Recently has finalized the sale of its two electric power
cogeneration plants located in Cosoleacaque and Altamira,
México. The agreement includes the sale of Alpek’s full as the largest, most comprehensive and most customer-
stake in both Cogeneración de Altamira, S.A. de C.V. and focused rigid packaging supplier on two continents.
Cogeneración de Energía Limpia de Cosoleacaque, S.A. de The deal enables Novio Packaging’s customers to use
C.V., to ContourGlobal Holding de Generación de Energía Berlin Packaging’s speciality glass expertise, services
de México, S.A. de C.V., a subsidiary of ContourGlobal PLC.
and design studios.

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