Colep Packaging acquires stake in Spanish aluminium aerosol business

Colep Packaging has acquired a 40% stake of Spanish aluminium aerosol producer ALM.

This movement, part of the company’s growth strategy, allows Colep to expand and grow the business by enlarging its packaging portfolio and having a wider range of sustainable materials packaging solutions. The result will be to offer the market more alternatives, flexibility and customisation through technological enhanced solutions, the company says.

Paulo Sousa, CEO of Colep Packaging, says: “This acquisition represents an important moment in our growth strategy, aligned with the ambition to enlarge the packaging solutions of our company. This is one more step in our strategic implementation that allows us to have a more effective answer to the market and a stronger partnership with our customers.”

David Massanet, ALM’s general manager, comments: “I believe that ALM with Colep Packaging will guarantee a more robust business, earning competitiveness and increase the value of our businesses in the future.”

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