Montana Tech Components takes over Croatian Aluflexpack Group

The industrial group Montana Tech Components (MTC-Group) together with consortium partners takes over the leading Croatian aluminum-packaging group from Hypo Alpe-Adria-Bank International AG. With this acquisition the MTC-Group strengthens their aluminum division. Expansions to become leading European player and further investments are planned.

The corresponding Signing and Closing of the contracts for the takeover took place these days in Austria and Croatia. Aluflexpack Group is, with a market share of around 70% the largest aluminum-packaging group in Croatia and the number 3 in the European market. The manufacturer of flexible packaging made of aluminum has about 600 employees at four locations in Croatia, Poland, Italy and Germany. The global headquarter is located in Zadar. The MTC-Group strengthens with this takeover its division Aerospace & Industrial Components.

The Swiss industrial group already today plays a leading role in the world market of aluminum components and profiles in this division. Thus the MTC-Group is Tier-1-supplier in aluminum profiles for Airbus as well as Boeing and market leader in various other industrial sectors. Due to the integration of Aluflexpack Group, the aluminum-competence can be increased and the product range in the sector flexible packaging can be diversified. 

Within the framework of the Group-wide growth strategy, the position of Aluflexpack Group on the European market should be further improved. Due to the use of synergies, process optimization initiatives as well as investments to further modernize the production facilities, efficiency and quality should be increased. The current product range should be extended by new sectors. Thus the productivity and competitiveness of the company should be further increased in the long run.

Michael Tojner, MTC majority shareholder and Chairman of the Board of Directors: „The take over of the especially in the CEE region, Germany and Italy well positioned Aluflexpack Group represents a reasonable extending for us: We are now able to once again intensify our aluminumexpertise and extend our position with new areas of application in the long run. Thus, being an experienced and financially strong owner, we will develop Aluflexpack Group to be a highly competitive player in the European market. “

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