Chinese Greatview Aseptic Packaging is expanding in Europe. The company, which currently operates one European plant in Germany, announced it had signed an agreement to acquire the assets of Alternapak Production srl in San Pietro in Gu, Italy.
Alternapak Production is a producer of aseptic cartons for the liquid food industry and used to serve customers in Europe, the Middle East and the Americas. According to Greatview, the plant was idled earlier this year. Production is expected to restart towards the end of this year.
The acquired site will be Greatview's fifth plant globally. The company entered the European market in 2012 when it built a beverage carton plant in Halle, Germany, with a capacity of around 4 billion aseptic cartons for milk and non-carbonated soft drinks per year. The other sites are located in China. The company, which has headquarters in China and Switzerland, produces a total of more than 10 billion cartons each year and employs 1,600 people.
"This acquisition manifests our commitment to expand our international business and to enhance our penetration to new and existing customers," commented Victor Lee, International Business Director of Greatview.