Weener Plastics Group (Weener) has announced its acquisition of Latin American packaging solutions provider Proenfar.
A purchasing price has not been disclosed. With the acquisition, Weener continues its expansion into emerging markets. Proenfar is headquartered in Bogota, Colombia, and employees more than 1,600 people at four production plants in Colombia, Argentina and Mexico. It exports to more than 20 countries in the Americas.
“The acquisition of Proenfar marks an important milestone in our successful international expansion. I am convinced that our customers will benefit from this transaction as Proenfar shares our strong focus on innovation and customer service,” said Weener CEO Roel Zeevat. “We look forward to working together with Proenfar's experienced management team and welcome all their employees to the WP group.”
Added Mario Vergara Corradine, Proenfar president: “We strongly believe that in WP, we have found the perfect partner. Our geographic reach and product portfolio complement each other perfectly. But even more importantly, we share the same culture of promoting innovation, entrepreneurship and excellent customer service. In recent years, we have grown Proenfar from a local Colombian business to a leading Latin American player. Together with WP, we are ideally positioned to take the next step on our growth path.”