CTI Invest has signed an agreement to acquire Argentine label converter Adhepel, owned by Daniel Varsky and Fernando Varsky.
Adhepel produces a wide range of self-adhesive labels, specializing in the wine sector. The company employs around 100 employees at two production sites, in Buenos Aires and in Mendoza, where the country’s most important vineyards are located.
‘We are pleased to have been selected to carry out this regional integration. We believe that it is an extraordinary opportunity for us to further strengthen our market share and profit from the synergy with an industrial group of great international presence,’ said Daniel and Fernando Varsky of Adhepel.
‘We are very proud of our new close business cooperation with Adhepel, which is an innovative quality-driven and long-established player in the Argentine label market. This synergy will ensure a further expansion of our label business in this globally and highly dynamic market and provide our best service to any potential customer,’ said Dominik Mindl, member of the board of CTI Invest.
The management has appointed Juan Felipe Correa Otero as general manager.
CTI Invest is a global player in the packaging and label industry with further production sites around the globe. Apart from sites in Canada, Spain, Germany (Viappiani Germany), Italy (Viappiani Italy) and Brazil (Viappiani do Brazil) it has been producing prime labels in Colombia for more than 25 years (Viappiani de Colombia). It is a privately held Austrian holding company with headquarters close to Linz, Austria.