Ginegar Plastic Products News
3 articles
growth-positive
Ginegar acquires Italian co Flextech for €7m
Ginegar Plastic Products, a company that produces and markets polyethylene sheets and nets for various uses in agriculture and industry, has acquired 60% of the issued capital of Flextech for €6.96 million. The acquisition was paid for through a long-term bank loan. Flextech is a private Italian company that develops, produces, and sells plastic films, mainly for the industrial market. The agreement includes options for Ginegar to acquire the remaining shares in Flextech within five years.
AcquisitionExpand
growth-positive
Ginegar Plastics in talks to sell Hyplast for €15.5m
Ginegar Plastics Products Ltd. is in talks to sell Hyplast Ltd. for �15.5 million, seven years after acquiring the Belgian plastics company. Ginegar acquired Hyplast for �6.8 million in 2007. Hyplast manufactures polyethylene products for agriculture, horticulture, construction, and industry. Ginegar does not disclose Hyplasts results in its financial reports. Hyplast had 150 employees at the end of 2012.
Acquisition
growth-positive
"Greenhouse film is more then just a piece of plastic"
Ginegar, a provider of plastic film and netting for the agricultural and horticultural sector, aims to become the premier provider of plastic film in the future. The company has grown into a global provider with five production sites and customers in over 50 countries. Ginegar has a history of innovation, including the development of three-layer and five-layer plastic films, which have proven to be stronger and more versatile. With recent machinery upgrades and planned expansions, Ginegar is looking to further expand its production capacity and become the leader in the production of agricultural and horticultural film.
CustomersExpand
