“We are excited to get the opportunity to grow an even stronger position in the market of load stability and food pack by welcoming AFP into the group. AFP has a proven track record of supplying the market with premium products and superior support, to maximize value for customers. We have a strong belief in the organization and management of AFP which has developed the company in an impressive way during the latest years. With our joint forces we hope to continue this journey,” says Andreas Malmberg, CEO of the Trioplast Group.

“We see Trioplast as a very good owner and partner in developing our business to the next level. Trioplast and AFP share the same views on long term sustainable development, built on customer driven innovation and solid quality products,” says Evert Paardekooper, MD of AFP. “With the combined product portfolios, increased technical support and leading R&D capabilities, I ́m convinced we together will create even more value for our customers,” continues Evert Paardekooper.

The transaction is subject to customary regulatory requirements and approvals. The Trioplast Group will, after the transaction is completed, own 100% of the shares.