Slovenian group acquires AHA Plastik

Photo by AHA Plastik AHA Plastik makes plastic packaging including plastic buckets

Slovenian industrial group JUB-H d.d. has purchased troubled plastic packaging maker AHA Plastik d.o.o. from Slovenia’s Bank Asset Management Company (BAMC), the bank said in a statement.“We will endeavor to ensure sustainable growth and development of AHA Plastik. We believe that this transaction marks an important milestone in the development of AHA Plastik, both in terms of its long-term development and its potential,” JUB-H said in the statement.AHA Plastik specialises in making various packaging products with the use of plastics, and owns a plant in Kanal, Slovenia.With the use of “blow moulding, we can produce drums, canisters, fuel canisters and bottles ranging from 1l to 150l and reservoirs for different kinds of liquids,” according to the company. In addition to this, AHA Plastik makes crates, baskets and other plastic products.AHA Plastik is currently operated by a workforce of 77 employees, and in 2015, the packaging producer reported revenues of about €7.3m, according to data obtained by local business news site Finance.si. AHA Plastik exports its output to a number of European markets, including Italy, Germany, Austria, Croatia and Serbia, where the firm’s subsidiary is operated by eight employees and makes PVC lines for electrical installations.Export sales are responsible for some 33% of AHA Plastik’s revenues. The manufacturer's production facilities are ISO 9001 certified.