Infiana Sells Brazilian Site to Packing Group
On February 1, Infiana Group sold its production facility in Bahia to the Brazilian films manufacturer Packing Group. Infiana is now operating from three locations globally: with its headquarters located in Forchheim, Germany, and production sites in Malvern, USA and Samutsakorn, Thailand. The films expert employs 800 employees worldwide.
Background to the sale is Infiana’s strategy. "We continue to focus on the development and production of specialty film solutions", explains Peter K. Wahsner, CEO of the Infiana Group. In general there is potential in Brazil but, "the difficult economic backdrop prevents – even in the medium-term – the substitution of commodity products with premium products, which are our focus." This means that one year after becoming independent the Infiana Group is continuing to implement its premium brand strategy. Wahsner: "Selling our site in Brazil will not have any impact upon our global business, since the portfolio of goods produced in Brazil shows no synergies with the other sites."
With six factories currently producing over 110,000 tons/year and exporting to all parts of the American and European continent Packing Group ranks amongst the largest manufacturers of flexible packing in South America. It also has large distribution centers in Germany, Spain and USA.
Infiana Group GmbH
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