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Topics Mergers & Acquisitions Agricultural Film & Sheet
Companies & Associations
RKW, a Germany-based films and flexible packaging company, has announced that it is taken over the business operations of Biofol Film, a subsidiary of the WKI Group, following approval by the German Anti-Trust Commission.
“This acquisition brings us one step closer to the objective of further strengthening our current market position and growing the company,” CEO Roland Roth said in a statement.
“The takeover of the business operations of Biofol Film is another element in the strategy of expanding the agricultural and construction sectors and thus the whole company throughout the world.”
The company says that the Biofol plant in Unseburg, Germany, will be incorporated into RKW Agri, a subsidiary of the RKW Group which is responsible for its agricultural business. The Unseburg plant manufactures a wide range of plastic films for the construction, agriculture, landscape gardening and packaging industries.
In April RKW acquired Belgian plastics manufacturer, Hyplast nv. The company states that with the acquisition of Biofol, it is implementing the next step in its strategy.