Bong, a leading European provider of specialised packaging and envelope products headquartered in Sweden, has acquired Tycon in Luxemburg from Curtis 1000 Europe, which was in liquidation.
Tycon is a specialist converter of Tyvek into different kinds of envelopes and packaging solutions. The deal is expected to contribute positively to Bong’s result from the first quarter 2010.
Tyvek is the spunbonded polyethylene nonwoven developed and manufactured by DuPont. It is light, thin and flexible but also extremely tough and durable. Tyvek is, for example, tear and water resistant and therefore highly suitable for protective envelopes and postal packaging solutions. Furthermore, it is readily recycled.
Bong has an exclusive agreement with DuPont for the converting and distribution of Tyvek envelopes and packaging solutions in Europe.
“This is a natural step in our work to relaunch Tyvek,” says Bong’s president and CEO Anders Davidsson. “Tycon is strategically located close to DuPont’s production site in Luxemburg and the staff has a unique competence to handle the special Tyvek material. Having Tycon in the Bong group helps us ensure a continued high quality level and excellent service.”
Following the takeover, the converting of Tyvek will be concentrated to Tycon and to Bong’s production unit in Wuppertal, Germany.
Bong offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Two important growth areas in the group are the new ProPac packaging concept and Russia. The group has annual sales of approximately SEK 2 billion and some 1,200 employees in around 12 countries. Bong has a strong market position, particularly in Northern Europe, and the group sees attractive opportunities for further expansion and development.
Tyvek is the spunbonded polyethylene nonwoven developed and manufactured by DuPont. It is light, thin and flexible but also extremely tough and durable. Tyvek is, for example, tear and water resistant and therefore highly suitable for protective envelopes and postal packaging solutions. Furthermore, it is readily recycled.
Bong has an exclusive agreement with DuPont for the converting and distribution of Tyvek envelopes and packaging solutions in Europe.
“This is a natural step in our work to relaunch Tyvek,” says Bong’s president and CEO Anders Davidsson. “Tycon is strategically located close to DuPont’s production site in Luxemburg and the staff has a unique competence to handle the special Tyvek material. Having Tycon in the Bong group helps us ensure a continued high quality level and excellent service.”
Following the takeover, the converting of Tyvek will be concentrated to Tycon and to Bong’s production unit in Wuppertal, Germany.
Bong offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Two important growth areas in the group are the new ProPac packaging concept and Russia. The group has annual sales of approximately SEK 2 billion and some 1,200 employees in around 12 countries. Bong has a strong market position, particularly in Northern Europe, and the group sees attractive opportunities for further expansion and development.
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