Packaging machinery manufacturer Ulma Packaging is hoping to broaden its portfolio after acquiring a 40 per cent stake in Italian company Rama.
By purchasing a stake in the designer and manufacturer of automatic machinery and end-of-line systems for secondary and tertiary packaging, Ulma said it will be able to ‘significantly expand its offering of comprehensive solutions’.
The partnership will also unlock new opportunities in key markets across Europe, the Americas, Asia, Africa and Oceania, Ulma said.
The business, which has a presence in more than 80 countries, added the deal would help it meet the growing demands of its clients in the field of automation and drive operational efficiency and innovation through state-of-the-art technology.
