Oben Group to Expand With Deal in Brazil

Oben Group has agreed to buy Vitopel do Brasil Ltda., a manufacturer of polypropylene (BOPP) films with facilities in Brazil.

For Oben, the acquisition will establish local BOPP manufacturing in Brazil, expand its footprint as a global player in the industry, and bolster its position in the highly competitive flexible packaging films industry, according to an Oben Group news release.

Founded in Ecuador in 1991, Oben Group has facilities throughout South America, Europe, and several in North America.

The closing of the acquisition is subject to customary conditions, including regulatory approval by Conselho Administrativo de Defesa Econômica in Brazil.

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