TEP Capital announces that United Flexibles, a portfolio company of TEP Capital, has completed the acquisition of 100% of the shares in FOL-POL sp. z o.o. (“FOL-POL”), a Kutno-based Polish manufacturer of polyethylene films and plastic packaging.
FOL-POL has been active in plastics processing since 1994. The company produces one-, two-, three- and five-layer films as well as plastic packaging, serving customers in Poland and across Europe.
Following completion, FOL-POL joins Nicator Films and ELA Folie within United Flexibles. The transaction strengthens the group’s production base, broadens its product offering and represents another step in TEP Capital’s buy-and-build strategy in flexible packaging.
“The acquisition of FOL-POL is another important step in the development of United Flexibles,” said Tomasz Woźniak, Managing Partner at TEP Capital. “FOL-POL brings longstanding experience, technological capabilities and a product portfolio that complements the existing offering of Nicator Films and ELA Folie. We are consistently executing our consolidation strategy in the flexible packaging market and see significant potential for further growth of the group.”
United Flexibles continues to build a regional champion in flexible packaging, with a strong focus on operational excellence, sustainability and customer satisfaction.