AR Metallizing announces acquisition of Eurofoil Paper Coating GmbH
Berlin, 31st January 2020
AR Metallizing NV (hereinafter “AR Metallizing”) has today announced the successful completion of their acquisition of Eurofoil - Paper Coating GmbH in Berlin from Aluminium Investment Company Ltd. The transaction was first announced on 11 November 2019 and has been approved since then by the relevant regulatory authority.
‘We are delighted to have completed the acquisition within such an ambitious timeframe and look forward to fully integrating Eurofoil under the AR Metallizing brand in the coming weeks,’ says Dr. Bart Devos, AR Metallizing’s CEO. ‘As well as growing our production capacity and meeting increased customer demand, the acquisition of Eurofoil has expanded the number of products we can offer for direct food contact packaging applications. Likewise, the acquisition will allow us to strengthen our position as a provider of choice for multinational firms looking to use eco-friendly, paper-based packaging and labelling materials,’ adds Bart.
‘The acquisition of Eurofoil marks a new chapter for AR Metallizing, and they can count on Nissha’s ongoing support as they look to extend the portfolio of products available under the AR Metallizing brand, most notably sustainable paper based materials’, says Junya Suzuki, Chairman of the Board, President and CEO of Nissha.