a leading folding carton producer of columbia, in santiago de cali, named plegacol, has been bought by mayrmelnhof packaging mm. the austrian company clarified that when this transaction receives official authorization, a new colombian market leader in folding cartons will be formed with the concentration of plegacol operations and folding carton manufacturer gráficas los andes, where an option right to 100 and 20 shareholding are already in the hands of mm packaging. about &euro30m sales is expected to be produced from this entity with the help of around 400 employees. it will convert about 16,000 tpy of cartonboard. following the chilean market leader&rsquos acquisition for folding cartons marinetti in 2010 and an interest earlier this year in gráficas los andes, plegacol &lsquos acquisition for mm packaging leads to a third step into latin america. ceo, wilhelm hoermanseder, sketched the long term strategy saying that the goal of mm packaging focuses on following customers into markets of the future and establishing a latin american network of extremely effective folding carton plants through mm group&rsquos best practice. design, printing and production of folding boxes are the specializations of plegacol with about &euro15m annual sales. httpwww.euwidpaper.comnewssinglenewsarchive2012septemberartikelmayrmelnhofp…
