API Group, New Brighton, Minn., completed the acquisition of the manufacturing assets and business of Amsterdam Metallized Products (AMP). Terms of the transaction were not disclosed.
Founded in 1966 and based in Amsterdam, Netherlands, AMP is a leader in brand enhancement packaging substrate technologies, pioneering transfer metalizing paper, board and filmic materials.
“The acquisition is part of our continued focus on offering the very best brand enhancement solutions for the packaging market,” says Dino Kiriakopoulos, chief executive officer of API Group. “The transaction adds outstanding complementary products, further enhancing our capability to serve customers and providing entry into attractive new sectors.”
“Our immediate priority is assuring the continuity of AMP’s business lines and maintaining unparalleled service, and we have established API Netherlands to facilitate a smooth and seamless transition,” Kiriakopoulos adds. “I am also delighted to announce that AMP managing director, Pim Honig, and commercial manager, Jeroen Pillen, will join API in senior commercial leadership roles. Initially, Pim will manage the new Amsterdam site, with its full operational capability and workforce to support the transition of AMP’s product lines into the API manufacturing system.”
"From our long history in the market, we know that API will be an excellent custodian of the business,” Honig says. “We look forward to working closely together to ensure continuity and an even greater array of products for all of our customers.”