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Article: SCHMALBACH LOOKS SOUTH AGAIN, BUYS COLOMBIAN BOTTLE MAKER.
- Article from:
- Plastics News
- Article date:
- February 8, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Schmalbach-Lubeca AG acquired Medellin, Colombia-based PET bottle maker Volcan SA in December, making it the third such acquisition in Latin America in the last 13 months.
Schmalbach-Lubeca, of Ratingen, Germany, has been on a crusade for the last three years to reorganize its portfolio of products, selling its non-PET plastics division and buying PET blow molding firms around the world.
``It gives us a presence there. Latin America is a growing market. We started out with a base of two plants and have expanded that to seven,'' said Shelly Steele, marketing director for Schmalbach-Lubeca's U.S. operations in Manchester, Mich.
Volcan makes both ...