Big plans and takeovers

 

Packaging acquisitions - Tecnocap acquisition Ardagh twist metal closures

Packaging acquisitions – Tecnocap acquisition Ardagh twist metal closures

Metal Closures are a trump card for successful packaging, offering customization cost efficiency compared to plastic and other materials, enhancing visual appeal, and making brand diversification consumer friendly. Despite the global slump, the market of Metal Closures continues to retain its importance led by an interesting evolution in consumers’ behavior toward higher protection, sustainability and product preservation.

Under continued competitive market pressure in Metal Closures business, leading manufacturers are improving the operating performance of plant facilities through investments in productivity and reduction in manufacturing expenditures.

Furthermore, they are expecting to focus on lowering energy costs and supply competitive products at affordable prices. The economic globalization has also driven the industries to lean manufacturing, diversification of markets and global expansion strategies.

Tecnocap group is one of those companies that go against these trends.

Last February, Tecnocap finalized the acquisition of the Twist/Lug Closures business of Ardagh/Impress, strengthening the massive production capability and confirming its position as a leading manufacturer, with a wide presence in Europe and in the USA.

Michelangelo Morlicchio, CEO of Tecnocap, stated  This acquisition would further accelerate our development plan, confirming our role as one of the most significant Metal Closures producing organizations in the world”.

Thanks to this acquisition, Tecnocap group consolidates its world position in Metal Closures production for Food and Beverage markets. The company also aims at optimizing plant operations through an impressive long-term strategic program, which will bring an evolution in the organization of production in accordance with lean manufacturing principles.

Tecnocap is already on new markets and is constantly engaged in widening and improving its global network of Sales Offices and specialized Centers in Technical support.

Top management is also expecting to generate more internal growth, in particular by way of future acquisitions and the launch of a new range of specialty closuresfocusing on the requirements of Cosmetic, Pharmaceutical and Nutraceutical industries.

Tecnocap facility in West Virginia is the appointed headquarter of the group involved in the development and manufacture of patented special solutions for the Pharma, Health, and Beauty sectors.

Pharmaceuticals will be the fastest growing Metal Closure market in 2018, due to the rapidly expanding elderly population and the boom of medication. In addition, the need to comply with government regulations and industry standards about security features and child-resistant closure systems underlie our optimistic analysis. We are strongly improving our R&D department by investing in innovative design, use of new material, green and lean manufacturing, new compounds and machinery engineering . Big plans need a solid commitment. Tecnocap is fostering a strong cooperative attitude amongst team workers and clients all over the world.  We are strongly confident that thanks to our passion, perfectionism and professionalism we will reap the rewards of our commitment”. This is what  the CEO Michelangelo Morlicchio stated during an interview.

 

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