Moulding wants to merge Bema with Packpower, another synthetic material producer that Harkema acquired last year. The two companies together will employ about 100 people and will generate an annual turnover of about 20m, is what the report from the Dutch daily said. Moulding Industries plans more acquisitions in the same industry so that it will grow to a turnover of EUR 50m to 70m in the next three to five years.
Among other products, Bema produces packaging materials for paint companies as AkzoNobel and Axalta. The company was founded in 1968 and has a factory in The Netherlands as well as Bosnia.
Source: MergerMarket (translated from FD.nl)