Aluflexpack AG: Closing of the acquisition of Helioflex in Tunisia

Reinach (pta036/24.04.2024/18:00) - Aluflexpack AG (the "Group"), a leading manufacturer of premium circular flexible packaging and barrier solutions, today announces the successful closing of the acquisition of an 68% stake in Helioflex. [ 1 ] Operating one production facility in Jbel el Oust, near Tunis, Helioflex is the market leader for pharmaceutical flexible packaging in Tunisia and adjacent countries, but it is also strategically well-positioned to serve other markets in Africa.

This acquisition not only strengthens the Group's presence in the attractive pharmaceutical market, but also paves the way for establishing a strong market position in other segments of flexible packaging in the fast-growing African market.

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About Aluflexpack AG

Aluflexpack produces flexible packaging solutions for end markets such as Coffee & Tea, Pharmaceuticals, Pet food, Confectionery and Dairy. Its long-lasting customer relationships with locally operating companies and large international corporations alike are underpinned by well-established industry insights, flexibility in customer service and development competence. Headquartered in Reinach (Aargau), Switzerland, Aluflexpack has production facilities in Switzerland, France, Poland, Türkiye, Croatia and Tunisia. It had 1,602 employees as of 31 December 2023.

Disclaimer

Some of the information contained in this press release may be forward-looking in nature. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, meaning that actual results may differ materially from those in this press release as a result of various factors. Aluflexpack AG is not obliged to publicly update or revise any forward-looking statements.

[ 1 ] The signing of the agreement to acquire shares of Helioflex was announced on 5 October 2023: https://www.aluflexpack.com/media-releases/

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