THE WHAT? Quadpack has announced that it has acquired Stefan Wicklein Kunststoffveredelung for an undisclosed sum.
THE DETAILS The decoration specialist is one of the world’s leading providers of full hot stamping technology, a technique used in the decoration of premium beauty packaging.
THE WHY? The acquisition expands Quadpack’s decoration know-how and service offering and, as a more sustainable alternative to metallizing, will future-proof packaging solutions. Long-term, the company plans to increase ownership of decoration which, along with material transformation and assembly, accounts for 20 percent of the final sales price.