AMB strengthens European footprint with PTS acquisition

Italian converter AMB SpA has acquired German firm PTS (Prime Tray System) Verpackungen, a manufacturer of injection-moulded cups, bags and composite plastics films.

Located in Gauting, Bavaria, PTS has been responsible for sales of the AMB product range for several years. With the purchase, AMB is keen to strengthen its market position in Germany, Austria and Switzerland.

PTS is AMB’s second acquisition in the past year. In June 2019, the Italian company acquired TDX (Europe) Limited, a manufacturer of PET and rPET films, and laminated rigid films based in Newcastle, UK. That deal enabled AMB to become a full-service provider for packaging design, rigid and flexible films, and tool manufacturing.

Jan Dietrich, owner of PTS, said: “The holistic approach highlighted by AMB’s business positioning ‘Designed to be different’ has enabled AMB to develop a clearly defined, unique market position that perfectly matches our own way of thinking. We have much in common with AMB because innovation and future-oriented thinking have always been the key to success at PTS.”

“The acquisition of PTS will further strengthen our European footprint and at the same time allow us to move closer to our customers from the heart of Europe,” added AMB’s chief operating officer Giles Peacock. “We aim to create a one-supplier relationship right to the doorstep of our clients, delivering packaging design, tool manufacturing and material supply. We have a clear vision of how to expand our reach and continue our growth strategy. The acquisition of PTS is one step on this exciting journey.”

AMB operates from five locations in Europe, employs 435 people and boasts turnover of more than €160 million ($184m).
https://plasticsinpackaging.com/online/amb-strengthens-european-footprint-with-pts-acquisition/

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