Guala Closures Group, the world's largest producer of non-refillable closures for the international spirits market, has further strengthened its presence in Eastern Europe with the acquisition of Bulgarian company Danik in May 2010.
Danik, with a turnover of 16 million euros and 200 employees, produces non-refillable inserts, closures and injection moulds.
This acquisition follows the purchase in 2009 of Technologia Closures, one of the leading producers in Eastern Europe of polymer and aluminium closures of different sizes and decorations. Now called Guala Closures Ukraine, it is located in Sumy at the Russian border, a strategic position which provides good access to both the Russian and other Eastern European markets.
Guala Closures Group CEO, Marco Giovannini says: "Following our acquisition of Technologia in Ukraine last year, the strategic acquisition of Danik will allow us to further strengthen our ability to supply in the most efficient way our Eastern European customers in countries such as Russia and Armenia, as well as the growing spirits market in Mongolia."