Packaging

Thimm Packaging Systems sells production site in Mexico

Tuesday 13. October 2020 - The Thimm Packaging Systems division, which belongs to the Thimm Group, has sold its production site in Mexico. With effect from 9 October 2020, the Puebla plant was taken over by the Tri-Wall Group, an international group of packaging specialists with headquarters in Hong Kong. The parties have agreed not to disclose the purchase price.

The production site in Puebla, Mexico, has belonged to the Thimm Group since 2015 and last employed 51 people. With the takeover of the plant, the Tri-Wall Group is also taking over employees and the existing infrastructure. The sale was therefore also made specifically to a market companion in order to ensure the continued supply of packaging solutions to existing customers in North America.
“We are concentrating on the further development of our European home market,” says Mathias Schliep, CEO of the Thimm Group, about the background of the transaction. He added that the automotive industry, for which Thimm Packaging Systems produces comprehensive multi-material and special packaging, continues to play a major role in this market.
At the end of 2019, the Thimm Packaging Systems business unit in Germany took over the foam solutions and technical moulded parts provider ISL Schaumstoff-Technik GmbH in Viernheim in southern Hesse and the business operations of ISL Verpackungstechnik GmbH in Serba in Thuringia.
As a complete multi-material solution provider, the business unit Thimm Packaging Systems is thus excellently positioned for the Thimm Group’s European home market and will continue to invest in the further development of its locations and in the development of new solutions and products.