Faerch acquires Sirap food packaging business in Italy, Poland and Spain from Italmobiliare in line with management’s strategic roadmap
06.11.2020
Faerch acquires Sirap food packaging business in Italy, Poland and Spain from Italmobiliare in line with management’s strategic roadmap
Faerch, the leading European supplier of trays for the global food industry and the world’s first integrated tray recycler, today announced the strategic acquisition of the Sirap food packaging business in Italy, Poland and Spain, from Italmobiliare (Italy), and thereby strengthens its Pan-European footprint. The acquisition further builds out the company’s geographic presence and provides local customers with direct access to Faerch’s value added, innovative packaging solutions. The Sirap acquisition accelerates Faerch’s circularity agenda and the execution of its sustainability strategy across Europe.
“We have been analysing the Italian market thoroughly over the last few years and are convinced that Sirap’s food packaging business represents a perfect fit for Faerch. Our local customers will benefit from an extended product range and our innovative circular packaging solutions”, Lars Gade Hansen, CEO of Faerch Group, says. “The Polish business perfectly complements our activities in Central Europe and allows us to even better serve our customers in Poland and adjacent countries locally from the modern Inline site”, he continues. “The Spanish business strengthens our already strong local presence and opens new opportunities for growth”, Lars Gade Hansen concludes.
The Sirap acquisition comprises three production sites in Italy, one in Poland, one in Spain and close to 1,000 employees. “We warmly welcome our new colleagues joining the Faerch Group”, Lars Gade Hansen says. “We have always been impressed by Sirap’s rigorous customer orientation, the portfolio of innovative products, the highly skilled employees and their outstanding dedication to quality. Major investments are planned to make Faerch’s circular products like our patented MAPET®II for the Protein sector, CPET for hot-use applications or our unique Evolve by Faerch concept available. Food-to-Go customers across Europe will benefit from Sirap’s differentiating offerings providing excellent product presentation and anti-tamper closure systems”, he concludes.
Sirap Group was founded in 1960 and is the specialist packaging subsidiary of Italmobiliare, an Italian holding company, listed on the Milan stock exchange. The Sirap businesses in the UK, Germany and France as well as the Austrian-based trading business Petruzalek are not part of the transaction and will remain with Italmobiliare.
The transaction is expected to close within three months, subject to customary closing conditions and regulatory approval.
About the Faerch Group
Founded in 1969 and headquartered in Holstebro, Denmark, Faerch is a leading European manufacturer of sustainable food packaging solutions within the Ready Meals, Protein, Food-to-Go and Dairy segments. Faerch has taken the lead in making rigid food packaging circular with products made from up to 100% of recycled content and fully recyclable to new food grade products in an endless number of cycles. As an integrated recycler, Faerch recycles food trays back into new food grade products at industrial scale.
Faerch Group employs more than 1,400 people, spread across 11 production sites in Denmark, Great Britain, France, Spain, the Czech Republic and the Netherlands. Sales offices cover all of Europe.
For further information, please contact
Faerch Group A/S
Lars Gade Hansen
Group CEO
Tel. +45 99 10 10 10
www.faerch.com
