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Raflatac acquires operations in Australia

5.7.2000

Raflatac has signed a letter of intent with Australian CPI Group to acquire full ownership of the joint venture operations in Australia. The signing took place on 4 July 2000.

Raflatac will acquire 100 % ownership of Raflatac Oceania Pty. Ltd. including the operations of the factory in Melbourne and the slitting terminal in Sydney. The turnover of Raflatac Oceania Pty. Ltd in 1999 was AUD 36 million and the company has about 60 employees.
By taking over the operations in Australia, Raflatac will be able to integrate its Australian operations into the Asia Pacific infrastructure.

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