Page 38 - Plastics News March 2021

Business news

FKuR and SKYi establish joint TricorBraun acquires RODA

venture in India to produce Packaging
biodegradable, bio-based plastics

S-based packaging
Usolu t i on p rovi de r
KuR Kunststoff GmbH and India's SKYi Innovations LLP
Fhas come together to produce biodegradable, bio- TricorBraun has boosted its
based plastics. The local production of biodegradable, presence in Eastern Canada
partially bio-based plastics has now begun with its by acquiring rigid packaging
production site located within a special industrial zone distributor RODA Packaging.
in Chakan in the Pune district of the state of Maharashtra. Based in Quebec, Canada,
The joint venture produces a significant part of the Bio- RODA specialises in the
Flex® product range for local demand as well as for chemicals, sealants and
distribution to neighbouring regions. This makes the JV the adhesives markets, as well as
first dedicated manufacturer of compostable biopolymer serving the nutraceuticals,
compounds in India. The plant built for this purpose will juices, dry condiments and
employ up to 40 people in the first expansion phase. A spices sectors. As part of the deal, TricorBraun will
modern compounding line is run on three shifts. In the also acquire Rada Industries, which has been owned by
company's own testing laboratory, which contains a small RODA since 2019. The financial details of the transaction
blown film line along with other equipment, the qualities have not been disclosed.TricorBraun president and
of the incoming raw materials and the end products are CEO Court Carruthers said: “Our acquisition of RODA
monitored according to German standards. Dr. Sachin Packaging continues our long track record of growth in
Jain, Managing Canada. “We are very impressed by the strong company
Director of SKYi Stéphan Berthiaume and his team have built, and with
Innovations LLP our combined expertise, we will serve the needs of
and, like Michels, Quebec-based businesses along with the customers
Director of the we support across North America. We are excited to
JV, adds, "SKYi welcome RODA to the TricorBraun family.”RODA owner
FKuR Biopolymers and CEO Stéphan Berthiaume said: “For almost 40 years,
combines German RODA Packaging and its dedicated team have been
technology with instrumental to the packaging supply chain. We are
Indian agility and excited to join TricorBraun and look forward to this next
entrepreneurial chapter. “Our shared focus on customer service, quality
spirit. Together, and operational excellence, along with TricorBraun’s
we will bring broader supplier base and multiple locations, will allow
advanced 'Made RODA to explore its full potential and offer a more
in India' solutions complete range of services to its customers.” Once the
to the market deal is completed, RODA will become part of TricorBraun
and offer our Canada and will operate as RODA, a TricorBraun
cu st ome rs company. TricorBraun has partnered with management
excellent service teams to successfully acquire and further accelerate
with high flexibility and short lead times." This is a further growth for more than 20 packaging companies across
step in implementing the FKuR mission to leave the world a North America. All RODA team members, including
little better than we found it by using sustainable plastics Berthiaume, will continue to serve the company from
solutions. Patrick Zimmermann, member of the executive its existing locations in Quebec. This acquisition will be
board of FKuR Group explains this strategic step: "After our TricorBraun’s tenth in the last four years, and its first
participation at Plastindia 2012, it was clear to us that the under the ownership of Ares Management and Ontario
Indian continent is a strategically important bridgehead
and a hub for our products in Asia and Africa as well." Teachers’ Pension Plan Board.

Plastics News March 2021 38