European aluminium foil manufacturer acquires South Korean distributor
i2r Packaging Solutions, a leading European manufacturer of aluminium foil containers, has announced that the company has acquired its former South Korean distributor. However, the company has not provided any details on acquisition cost.
Peter Reay, i2r’s CEO said: “We believe this is a great opportunity to join forces with an entrepreneurial led Asian business and provides the Group with new exciting market opportunities, whilst further strengthening the vertical integration of its European parent.”
“We look forward to further investing in this geographic region in the future and enhancing the Group’s operations. As a leader in our field, we felt that it was time to update our brand to reflect the company we have become,” he added.
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The company has unveiled the results of a brand makeover at Packaging Innovations at the NEC on 1-2 March 2017. The new look, including a new logo, website and associated collateral, is currently being rolled out.
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