Altea Packaging acquires Egyptian flexible firm

Published: 16 Apr 2009 19:01:19 PST

Altea Packaging, a Tunisia-based flexible packaging manufacturer, has acquired the Egypt-based Porta Egypt and its subsidiary Rotopack Misr. Porta Egypt, established in 1995, specialises in rotogravure printed flexible packaging. It has an annual capacity of more than 10,000 tonne and a turnover of more than $ 35 million. In a statement, the company said, "There are clear synergies and know-how&expertise exchanges that will be achieved in various markets where Altea Packaging operates."

The company also launched an Algerian unit, CogitelA, at the end of last year. It acquired flexible packaging specialist Roland Emballages in the North of France in 2007. The company employs more than 700 people at its seven plants in
Europe and North Africa.