In a move it says allows it to better concentrate on its core business, plastic films processor alesco has sold its blowmolding operation, aldoplast, to Siepe GmbH, a processor of metal and plastics containers, for an undisclosed sum.
Processor aldoplast (Langerwehe, Germany) has about 40 extrusion-blowmolding machines and 27 employees, which will be taken on by the new owner, based about 30 minutes away near Kerpen, Germany. Siepe also intends to maintain the Langerwehe facility of aldoplast, which processes polyolefins.
Siepe reports it will invest in new production capacity at aldoplast and also expand its product portfolio. Siepe’s blowmolding capability to date has been on larger canisters and drums; with aldoplast it also can serve the market for smaller containers.
For alesco, the sale enables it to focus more closely on its core film-extrusion operation, according to a company statement. With 210 employees, two processing sites, and annual consumption of about 45,000 tonnes of resin, Alesco processes polyethylene as well as bioplastics based on renewable resources. —[email protected]