Alltub is the manufacturer of collapsible aluminum tubes, owned by Aurora Capital Group and one of the major manufacturers of aluminum aerosols and cartridges.
On September 1st the company has announced the acquisition of special tube manufacturer Karl Höll GmbH & Co. Karl Höll offers a wide range of products that includes major pharmaceutical and cosmetic players across Europe with a specific focus on Germany.
The two merged companies are expected to extend their product portfolio across aluminum tube sectors, increasing their international influence as well.
The merged company, which first and foremost will combine its fields of expertise and Karl Höll’s experience in pharmaceuticals will be able to expand its knowledge in pharmaceutical, cosmetic and laminate segments, while Karl Höll will gain access to Alltub’s global structures and benefits.
The merger of the two companies will result in an annual production of nearly two billion tubes and revenue is expected to be more than € 150 million per year. The new company will welcome more than 650 customers from all over the world and will be represented by more than 1.300 employees.
by C. Lacapra