Product category:
Labelling and Packaging (including Cans, Cartons, Labels, Flexible Packaging, Sleeves, etc.)
News Release from: Copapharm Europe
Edited by the Printingtalk Editorial
Team on 06 February 2008
Pharma Pack Firm Joins European Network
The pharmaceutical packaging and service alliance, Copapharm Europe, has admitted Spanish pharmaceutical packaging company, Artes Graficas Nekar to its network.
Nekar has been acquired by Madrid (Spain) investment group GED and EBN through their investment vehicle, Cardboard Printing Holdings, which also purchased current Copapharm Europe shareholder, Icesa Following those developments, Nekar and Icesa will retain their existing trading names but will develop their businesses as a joint company, added Copapharm Europe
This article was originally published on Printingtalk on 11 Dec 2006 at 8.00am (UK)
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Nekar with Icesa will increase Copapharm Europe's strength in Spain because each company has what is described as substantial market share there, which is Copapharm Europe's core pharmaceutical and healthcare printing packaging supply sector.
The other Copapharm Europe member in Spain is Pans, in Barcelona.
Copapharm Europe estimates that the combined pharmaceutical market share of the two Madrid-based companies is almost 15 per cent and all the Spanish Copapharm Europe companies will be able to increase their capabilities and overall production capacity as a result of the merger and acquisition, added the organisation.
The organisation also believes that the acquisition will create other benefits to customers, including assurance of supply and response capacity, as speed of response combined with quality, secure production is increasingly demanded in the pharmaceutical industry.
Icesa was established in 1965 in Madrid and Nekar started trading in 1967.
Each business is said to have the capacity to produce more than 500 million carton units per year.
Both produce packaging for high added value markets, including pharmaceutical and healthcare, cosmetic, perfumery, personal care and specific market niches in the food industry.
Copapharm Europe's shareholder companies are Faller (Germany), Packetis (formerly Packart and Rotanotice in France), Palladio and Zannini (Italy), Goldprint (Belgium), Storey Evans (Great Britain) and Icesa, Nekar and Pans (Spain).
Those companies have a total of 19 manufacturing sites across Europe, in Belgium, France, Germany, Italy, Serbia Montenegro, Spain, the UK and Ireland.
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