Paper cup manufacturing company F. Bender has been acquired by a group of cup making companies, namely Flo, Nupik and Dopla.
Based in the Southern Europe, these three companies, which have operate in six countries, have a joint turnover of more than €400mn, and expect to leverage F. Bender’s established position in the European hot cup markets.
F. Bender managing director Andy Cunliffe said since they have been working with Flo, Nupik and Dopla for a number of years, the company is very comfortable with their strategy and business values.
"With the strong balance sheets of Flo, Nupik and Dopla to support development and investment, Benders will look to expand its industry leading range of Vending and Specialist Hot cups. The combined Group synergies will see Benders developing new offerings to the dynamic sectors of Coffee to Go and Fast Food as well as building on its existing core markets of Vending and Wholesale", added Cunliffe.