ARX Equity Partners to acquire Promens Zlin from Berry Global.

ARX Equity Partners, a private equity, agreed to acquire Promens Zlin, a Tier 1 system and development supplier, focused predominantly on large vehicle exterior and interior parts, from Berry Global, a global manufacturer and marketer of plastic packaging products. Financial terms were not disclosed. "Promens Zlin possesses exceptional R&D capability, especially in the important areas of reaction injection molding and vacuum forming. The company is currently undergoing a substantial capital expenditure programme to both expand and modernise its production facility, in order to meet growing demand from its customer base," ARX.