KCE acquires CTL-TH Packaging (Tuboplast)

KCE (Kaizaharra Corporación Empresarial) has announced its majority entry in the capital of the CTL-TH Packaging group based in Vitoria, Álava. CTL-TH Packaging, with a turnover of more than € 70M in 2019 and plants in Álava, Barcelona and Vichy (France), is one of the leading companies in the flexible tube packaging sector with a solid portfolio of manufacturing technologies of extruded, injected and laminated tubes for the cosmetic, pharmacy, oral care and food sectors.
The entry of KCE, carried out through a capital increase, reinforces the company's financial capacity and aims to position CTL-TH Packaging as the manufacturer with the best offer of products and services to respond to the transformations of the sector.
Iñaki López Gandásegui, President of KCE, says: “We are very excited to work with the CTL / Tuboplast Group team to take advantage of their experience, technological and innovation capacity, with the aim of maintaining and enhancing the leadership of CTL / Tuboplast. All this in close collaboration with our customers. ”
Imanol Sánchez, CEO of CTL-TH Packaging, considers the entry of this new majority shareholder as a new stage for the company: “We want to welcome KCE as a new shareholder that joins our company. We will add your business experience to our commitment to offer the best packaging solutions. After 55 years, we opened a new chapter in which we will continue working to continue being a benchmark in the sector, betting on excellent customer-centric management. ”

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