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Kilian Braunsdorf has been appointed chief executive of PACCOR, succeeding Andreas Schuette, who stepped down following the acquisition by Faerch Group.
Faerch Group has acquired packaging maker PACCOR. The combined group has more than 30 production sites and around 6,000 employees across Europe, the US and Asia.
Plastics News reports that Faerch is to acquire Paccor Packaging. The article text provided contains no further details.
A.P. Moller Holding has signed an agreement to acquire Faerch, a pan-European sustainable food packaging manufacturer, from funds managed by Advent International. Faerch operates integrated recycling for circular food packaging.
Denmark-based Faerch Group has acquired the Sirap food packaging business in Italy, Poland and Spain from Italmobiliare. The business includes three production sites, and the deal is expected to close within three months, subject to regulatory approval.
