Loading…
KTP Kunststoff Palettentechnik and conTeyor International agreed to merge their businesses, creating a sustainable packaging group with expected sales of about EUR 200 million and around 1,000 employees. Completion is expected by year-end, subject to regulatory approvals.
KTP Kunststoff Palettentechnik has acquired a majority stake in K2 PAK in Koper, Slovenia, a maker of plastic packaging and transport boxes. Private equity firm VR Equitypartner, a minority shareholder in KTP, supported the deal.
