On February 1, films specialist Infiana Group GmbH (Forchheim, Germany) sold its production plant in Bahia to the Packing Group, a Brazilian films manufacturer. Infiana is now operating from three locations globally: headquarters in Forchheim, Germany, and production facilities in Malvern, PA, and Samutsakorn, Thailand.
"We continue to focus on the development and production of specialty film solutions," explains Peter K. Wahsner, CEO, Infiana Group. While there is potential in Brazil, "the difficult economic backdrop prevents—even in the medium-term—the substitution of commodity products with premium products, which are our focus. With Packing Group we have found a buyer who will integrate the site successfully into its corporate group and will be able to exploit the expected synergies in its current business.”