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Packaging company Envases Universales will invest $50 million to expand its plant in Guadalupe, Nuevo León, creating an estimated 150 direct and 200 indirect jobs.
Freight Technologies' Fr8App will transport more than 1,600 loads over 12 months for Envases Universales across 24 dedicated lanes, mainly from Mexico to the US, in a deal estimated at over $5 million.
Mexico's Envases Universales Group agreed to buy the HUBER Packaging Group, a European tinplate packaging maker with about 900 employees and plants in Germany, Austria, Switzerland, UK and Hungary. VIRETUM CONSULT acted as sole financial advisor to the shareholders.
Envases Universales Group, through its Danish subsidiary Glud & Marstrand, acquired 100% of pack2pack from private equity firm Gilde Equity Management in a competitive auction. Alantra advised Envases Universales on the deal.
