Dubai, UAE; September 17, 2017
The Visionscape Group, a multinational environmental utility conglomerate, today announced the acquisition of Vision Gelpack, a leading manufacturer of high-performance flexible packaging. The acquisition of the U.K. based firm supports Visionscape’s continued business and operational growth in Europe.
Vision Gelpack primarily focuses on the development and production of high performance polyethylene films, bags, sacks, sheets and tubing for a range of industrial sectors, and has maintained a strong position in the market as one of the largest privately-owned polyethylene flexible packaging manufacturers in the U.K.
The transaction is consistent with Visionscape’s objective of increasing revenue streams and expanding into the European market while supporting the Group’s strategy of being a global player in the provision of turnkey waste management and waste-to-energy solutions across emerging markets.
Commenting on the acquisition, Harry Ackerman, Executive Director at Visionscape said “We are excited to welcome Vision Gelpack to the Visionscape Group. With over four decades in profitable business, Vision Gelpack was a great strategic fit for us and an added-value on all sides. We have made an excellent investment and Vision Gelpack’s established reputation will enable Visionscape to provide a more comprehensive range of services and solutions to the millions in the markets we operate.”