Faerch, a plastic products supplier in Holstebro, Denmark, completed the acquisition of Sirap Gema, a large Italian company producing and reseller of foam and rigid containers for fresh food, for c.€230m. "We have been analysing the Italian market thoroughly over the last few years and are convinced that Sirap’s food packaging business represents a perfect fit for Faerch. Our local customers will benefit from an extended product range and our innovative circular packaging solutions. The Polish business perfectly complements our activities in Central Europe and allows us to even better serve our customers in Poland and adjacent countries locally from the modern Inline site," Lars Gade Hansen, Faerch Group CEO.