Rengo has confirmed that its consolidated subsidiary, Tri-Wall Limited, has acquired 58% of the share capital in TPMS Polska Sp. z o.o., a manufacturer of heavy duty packaging materials in Poland, through Tri-Wall’s wholly-owned subsidiary.
TPMS Polska has its head office and plant near Kraków, a city in the southern part of Poland, as well as subsidiaries in Germany and Slovakia and mainly supplies packaging materials, such as heavy duty corrugated packaging for automobile component manufacturers.
Rengo carries out its packaging materials business related to heavy duty corrugated packaging mainly in Asia and Europe through the Tri-Wall Group. By having business locations in East Europe, where the demand for heavy duty packaging materials is rising with the increasing numbers of automobile component manufacturers in the region, Rengo aims to strengthen its business base and further enhance its supply system to meet the various packaging needs in Europe.
Rengo has also confirmed that Tri-Wall Limited has established TW Michigan Inc., a joint venture in Michigan, United States, for manufacturing and sales of heavy duty packaging materials. TW Michigan is a joint venture with HG Packaging, LLC, a company located in the suburbs of Detroit, Michigan which mainly supplies heavy duty packaging for automobile component manufacturers. By having this manufacturing and sales location in the United States, where the manufacturing sector, including the automobile industry, is expected to return, Rengo aims to further strengthen its business and meet packaging needs which are becoming more diverse and global.