An investment of 18 million euros, with the entry of the “SouthBridge Europe Mezzanine II” investment fund, was attracted by the company Matrix Pack, continuing its path towards the production of green single-use packaging items.
At the same time, the company issued a long-term green bond loan of 15 million euros, which was covered equally by Piraeus and Alpha Bank.
It also completed the acquisition of “The Paper Straw” company, which has a production unit in Britain as well as a significant presence in the European market. This acquisition will accelerate the growth of the group and bring about significant synergies.
Matrix Pack is today the largest producer in the world with an annual production capacity of 20 billion in paper straws: having facilities in 5 countries, Greece, England, Bulgaria, Poland and Spain that allow the group both its seamless and flexible expansion in paper straws , as well as entering new complementary product categories.
However, the company continues to invest dynamically in new innovative products and is in the final phase of R&D for 2 new products and will announce the start of production of these very soon.
Source: Capital
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