Nov 2 2006
Polimoon has today concluded the acquisition of Rexam Thin Wall Plastic Containers in Lidköping, Sweden, and Stilling, Denmark. The acquisition was initially announced 24 October 2006.
In connection with the closing the two entities will start trading under the name Polimoon Lidköping and Polimoon Stilling.
Polimoon is excited with the opportunities generated from this acquisition as announced in the previous press release.
Polimoon holds a leading position within manufacturing, developing and selling of plastic products with 40 operations across Europe. Polimoon develops, manufactures and sells a wide range of packaging products within the consumer, chemical and medical industries as well as components to the automotive industry. In addition the Group has some production of customised products to other industries, such as the marine and leisure industry. Polimoon has approximately 4 400 employees with 450 employed in Norway, where also head office is located. Annual sales are expected to be in excess of 4.5 billion NOK. In 2005 Polimoon Group had a turnover of 2 485 million NOK and an EBITDA of 232 million NOK.
Examples of products include bottles for sauces, shampoos, disinfectants, deodorants, canisters for hazardous chemicals, IV bags for medical care, and interior engine components for the passenger car and truck industry.