Nordenia Sells Shares in Nordenia Morocco
Nordenia International AG, AG, Greven, Germany, sells its 83.4% of the shares in Nordenia Morocco Casablanca S.A.R.L. The purchasers are the funds managed by Almamed, Massinissa Maroc and Massinissa Lux. The contract has recently been signed and is expected to take effect in March 2010. The contractual parties have agreed to keep the purchase price strictly confidential.
Nordenia Morocco Casablanca S.A.R.L. produces packaging films, technical films and printed plastic bags. These products are used as packaging material in the hygiene and cosmetics industries, in the cleaning products and detergent industry as well as in the food industry. Currently, the company has approximately 50 employees.
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