AMB strengthens European footprint with PTS acquisition
Italian converter AMB SpA has acquired German firm PTS (Prime Tray System) Verpackungen, a manufacturer of injection-moulded cups, bags and composite plastics films. Located in Gauting, Bavaria, PTS has been responsible for sales of the AMB product range for several years. With the purchase, AMB is keen to strengthen its market position in Germany, Austria and Switzerland. AMB operates from five locations in Europe, employs 435 people and boasts turnover of more than €160 million ($184m).