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PackSys sells Thai subsidiary to Benpac Holding
Packaging machinery supplier PackSys Global AG of Switzerland will sell its subsidiary, PackSys Global (Thailand) Limited, to Swiss engineering, machine construction, IT solutions and packaging technology firm Benpac Holding AG. PackSys Thailand manufactures lines to make monobloc aluminium aerosol cans and aluminium tubes as well as printing machines for metal and plastic closures.
Roman Angst, CEO of PackSys Thailand, will continue as CEO of the company that will be renamed Benpac Packaging ltd.
Following a strategic review PackSys Global and its German parent firm, the Brückner Group, decided to focus on PackSys Global’s core competence in plastic packaging business. PackSys Global will continue to be involved in the aerosol and aluminium tube industry via its Swiss subsidiary, Texa AG, which supplies packing machines for unfilled aluminium aerosol cans, aluminium, plastic and laminate tubes and cartridges.
Benpac says it sees a growth potential in aluminum related packaging businesses. In addition, Benpac wants to use the new location as a hub for future expansion of their group in Asia.
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