This new partnership is set to leverage the combined capabilities of both businesses to provide vertically integrated and sustainable offerings for the global flexible packaging market.

Ross Bushnell, president and CEO of Scholle IPN, said, "This is an important step in our continued evolution towards becoming a truly indispensable provider of total packaging solutions to our customers around the world."

He added, "While both companies have worked together for some time, this formal partnership not only strengthens our global equipment footprint but also enables a stronger collaboration within our teams around the world. Our mission is to be simply flexible in all that we do and this combination will enable us to abide by that mantra in our aim of being a world leader in film, fitments, and equipment to the global liquid packaging market."

Both companies boast their presence in India with Bossar Packaging’s facility in Chakan, Maharashtra, and Scholle IPN’s unit in Palghar. As per the deal, Bossar will retain its brand name and will continue to utilise its operational headquarters in Barcelona, Spain, and its manufacturing facility Chakan.

Jeroen van der Meer, managing director of Scholle IPN in EMEA, and CEO of Bossar, said, "The goal of Scholle IPN has always been to create lightweight, environmentally-conscious flexible packaging solutions for a circular economy. By combining Bossar and Scholle IPN, we can truly focus on our development activities to provide cutting edge technologies that enable us to manufacture a complete range of sustainable packaging solutions for our customers."

He added, "Already today, our products provide sustainable solutions through substantial reductions in packaging weight while extending shelf-life, reducing energy consumption and minimising food waste."

The combined business, now, has operational units across Europe, Russia, China, India, Australia, Brazil, Chile, Canada and the United States.