Sidel Group acquires Italian packaging supplier PET Engineering
The purchase is designed to expand Sidel's packaging portfolio in containers for water, soft drinks, liquid dairy products, and beer.
In a bid to expand its packaging solutions portfolio, blow molding machinery maker Sidel Group has acquired blow molder and packaging designer PET Engineering Srl.
The terms of the deal have not been disclosed.
Founded in 1999 and based in San Vendemiano, Italy, PET Engineering has 40 employees and a global customer base.
“With packaging increasingly playing a key role in any marketing mix, we are confident that Sidel and PET Engineering’s complementary strengths in packaging design, qualification and blowing process will bring the Sidel Group more business opportunities while offering customers a diversified choice of partners to materialise their creative requirements,” Pavel Shevchuk, Sidel Group’s executive vice president of services, said in a statement.
“PET Engineering is perfectly established to help Sidel expand its packaging offering – especially regarding the design of containers for water, soft drinks, liquid dairy products and beer,” PET Engineering CEO Moreno Barel said in the statement.