Nefab expands in Singapore
Nefab Singapore has acquired the business of Precise Packaging Solutions (PPS) in Singapore. The acquisition is made as an asset deal and the business is integrated in the existing legal entity of Nefab Singapore.
PPS carries out business that mainly consists of manufacturing and sales of customized crating solutions, wooden pallets and packing.
"By merging our operations with PPS, we strengthen our position on the market in Singapore", says Collin Chan, Managing Director of Nefab Singapore.
"We have been evaluating various options to establish an own operational platform in a smooth way and acquiring the business of PPS is a natural fit in the strategy to expand our business in this region", concludes Stefan Ekqvist, Executive VP for Asia.