KCE (Kaizaharra Corporación Empresarial) has announced its majority entry in the group's capital stock CTL-TH Packaging based in Vitoria, Álava. CTL-TH Packaging, with a turnover of more than € 70M in 2019 and plants in Álava, Barcelona and Vichy (France), is one of the leading companies in the sector of flexible tube packaging with a solid portfolio of technologies for the manufacture of extruded, injected and laminated tubes for the cosmetic, pharmacy, oral care and food sectors.
The entry of KCE, carried out through a capital increase, strengthens the company's financial capacity and aims to position CTL-TH Packaging as the manufacturer with the best offer of products and services to respond to the transformations in the sector.
Iñaki López Gandásegui, President of KCE, states: “We are very excited to work with the CTL / Tuboplast Group team to take advantage of their experience, technological and innovation capacity, with the aim of maintaining and strengthening the leadership of CTL / Tuboplast. All this in close collaboration with our clients ”.
Imanol Sánchez, CEO of CTL-TH Packaging, considers the entry of this new majority shareholder as a new stage for the company: “We want to welcome KCE as a new shareholder that joins our company. We will add your business experience to our commitment to offer the best packaging solutions. After 55 years, we are opening a new chapter in which we will continue working to continue to be a benchmark in the sector, betting on excellent customer-focused management ”.
