Prime Label Acquires Pegwan
Prime Label Group, Warsaw, Poland, a label man- ufacturer in the Central and Eastern European (CEE) region, has signed an agreement to acquire a 100 percent stake in the Polish printing compa- ny Pegwan. On the back of this fifth acquisition, the company will reach a sales target of almost 100 million EUR in 2023, 12 months ahead of schedule. Prime Label is already working on further acquisi- tions in the region. Mondi, Syntegon Develop Recylable Solutions Mondi, a provider of packaging and paper, has partnered with Syntegon, a manufacturer of process and packaging machinery, to develop a recyclable paper packaging solution using recycled fibres for dried foods such as flour, sugar and pasta. The packaging uses Mondi’s EcoVantage kraft pa- per, which has been approved by ISEGA for the en- tire food packaging sector. EcoVantage is made from recycled and responsibly sourced fresh fibres and was previously mainly used for paper shopping bags. Mondi supplies EcoVantage rollstock to Syntegon who then applies spot coating to create dust-tight, heat sealable packaging that eliminates contamina- tion throughout the entire product lifecycle – from production to the consumer’s home. Constantia Flexibles Forms Venture With SB Packaging Constantia Flexibles, producer of flexible packag- ing, has signed a joint venture agreement for its Indian business and operations with Premji Invest and SB Packagings. The venture is pursuing organic as well as inorgan- ic growth in higher added value market segments in India, continuing its growth trajectory in the hy- giene segment whilst further developing the more sustainable mono-material EcoLam product range. Constantia Flexibles is reportedly the world’s third largest producer of flexible packaging. With 8,750 employees, it manufactures tailor-made packaging at 38 sites in 16 countries. SB Packagings (SBP) was founded in 1989 by O.P Banga and Amit Banga. In 2022, it was chosen as the ‘Packaging Company of the Year’ by PrintWeek and won the ‘WorldStar’ award in Milan, Italy, for sustainable packaging and also the ‘Gold’ at the Asian Packaging Excellence Awards.
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6 June 19, 2023 Flexo Market News
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