Thimm Packaging Systems sells its production site in Mexico

Thimm Packaging Systems, part of the Thimm Group, has sold its production site in Mexico. The Puebla plant has been acquired by Tri-Wall Group, an international group of packaging specialists headquartered in Hong Kong, effective as of October 9, 2020. It has been agreed that the purchase amount will not be disclosed.

The production site in Puebla, Mexico, has been part of the Thimm Group since 2015 and most recently employed 51 people. With the takeover of the plant, the Tri-Wall Group will also take over employees and the existing infrastructure. The site was sold specifically to a market competitor so that the continued supply of single-use and reusable multi-material packaging to existing customers in North America could be ensured.

“We are concentrating on the further development of our European domestic market,” says Mathias Schliep, Chairman of the Thimm Group Management Board, explaining the background to the transaction. In this regard the automotive industry continues to play a major role and for which Thimm Packaging Systems produces comprehensive multi-material and special packaging.

At the end of 2019 the Thimm Packaging Systems business division took over the supplier of foam solutions and technical moulded parts, ISL Schaumstoff-Technik GmbH, based in Viernheim in South Hesse along with the business operations of ISL Verpackungstechnik GmbH in Serba in Thuringia.
As a complete multi-material solutions provider, the Thimm Packaging Systems business division is therefore excellently positioned for the European domestic market of the Thimm Group and will continue to invest in the further development of its locations and in the development of new solutions and products.