Reynders Label Printing has purchased 100% of the shares in Spain’s Albeniz Group to expand into Spain & the Iberian peninsula.
Reynders has signed the final agreement with Albeniz for a complete takeover of the company.
Albeniz has been exclusively manufacturing self-adhesive labels for over 100 years and is specializes in manufacturing labels for the automotive sector.
Reynders is a family owned industrial group based in Belgium, and now operates sites in five countries across Europe and Asia.
It primarily serves consumers in the pharmaceutical, cosmetic, food and beverage and house, car and garden sector.
Reynders and Albeniz both companies share identical vision that powers their common passion for labels. Both the firms are family owned, with the same deep-rooted dedication for their personnel and their customers alike.
The complete integration of the Albeniz’s assets in Spain site into Reynders label printing can be expected in the first quarter of 2019. Javier Téllez Moreno and his management team are expected to continue to lead the operations in Pamplona, Spain.
Albeniz controls a quality management system based on the ISO/IATF 16949 standard for production of self-adhesive labels, as well as on its own product development department and its in-house test lab to comply with the requirements of automotive sector.
Apart from this, Albeniz owns a second business unit, print and applies machines, for different functions and markets.
In a statement, Reynders said: “Both companies are convinced that, amalgamating the knowledge and experience of Reynders and Albeniz, all stakeholders, both internal and external, will benefit from this operation.”