Win-win deal between Swiss companies
PackSys Global AG, Switzerland, a world leader for packaging machines, has agreed, effective May 31, 2019, to sell its subsidiary, PackSys Global (Thailand) Limited, to Swiss based Benpac Holding AG, a group of companies in the fields of engineering, machine construction, IT solutions and packaging technology. PackSys Global Thailand manufactures lines to make monobloc aluminium aerosol cans and aluminium tubes as well as printing machines for metal and plastic closures. Roman Angst, CEO of PackSys Global Thailand, will continue as CEO of the company which will be renamed Benpac Packaging ltd.
Following a strategic review PackSys Global AG and its German parent, the Brückner Group, decided to focus on PackSys Global’s core competence in plastic packaging business. PackSys Global will continue to be involved in the aerosol and aluminium tube industry via its Swiss subsidiary, Texa AG, the world market leader in packing machines for unfilled aluminium aerosol cans, aluminium, plastic and laminate tubes and cartridges.
Benpac sees a growth potential in aluminum related packaging businesses. In addition, Benpac wants to use their new location as a hub for future expansion of their group in Asia.