Sweden’s Duni Group has boosted its tabletop product converting capabilities after acquiring a 70% stake in Slovenia’s SETI.
SETI is based in Kranj and is a converter for standard and customised high-technology tabletop products such as napkins, table covers and coasters in airlaid and tissue.
It has been a customer of Duni Group’s airlaid tissue business for several years, and the merger now further consolidates Duni Group’s position in dining solutions in Europe.
Robert Dackeskog, President and Chief Executive of Duni Group, said: “We are pleased to welcome SETI to our group of leading brands in dining and food packaging solutions for the restaurant market.
“The acquisition broadens Duni Group’s reach and footprint in Southeast Europe.”
SETI will be consolidated into Duni Group’s Dining solutions business area from 1 October.
It has annual net sales of approximately SEK100m.
