Coexplan: Purchase of FSP

Fexible packaging group Coexpan, Spain, has bought FSP, a firm specialising in the manufacture of co-extruded barrier foil from German parent company Bericap. FSP, which is located between Paris and Lille, is known for its development in 1998 of a range of multi-layer plastic high barrier foil to gas (EVOH) for the packaging of fragile or long-life shelf products such as cheese, meat and fish. Its market share multiplied by five in the last four years and its 2002 turnover is expected to be more than EURO10m. The acquisition will enable Coexpan, which produces packaging for food companies such as Danone, Yoplait, Nestle and Muller, to fulfil its aim of increasing its presence to the barrier foils market. The addition of FSP will give Coexpan a total of 11 plants around the world.

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