Film extruder and converter Nordenia Holland Putten BV, which was slated to close in September, is being acquired by a group of Dutch investors that own flexible packaging firm Burgers Apeldoorn BV.
The investors, led by Jos van der Vorst, expected to take control of Putten-based Nordenia Holland by June 30. The company, part of Nordenia International AG of Greven, Germany, specializes in packaging for fresh food and film for the tire, aviation and other sectors.
Nordenia International is retaining the Putten site's pet-food packaging manufacturing and will integrate that business into its existing operations.
In January, Nordenia International announced it was talking with the representatives of the Putten plant's 150-strong workforce about closing it Sept. 30. The company had planned to distribute that work among its other units in Germany, Spain and Hungary.
Nordenia International also is negotiating to sell its flexible intermediate bulk containers business. The firm wants to focus on consumer flexible packaging and on technical, hygiene and labeling films. That initiative includes a two-year, 54 million euro ($73.6 million) investment at plants in Gronau and Halle, Germany, and Poznan, Poland.
Nordenia International, a maker of flexible packaging, technical films and product components, was acquired last year by Los Angeles-based private equity firm Oaktree Capital Management LLC.
Burgers is based in Apeldoorn, the Netherlands.