SUBSIDIARIES

FLEXOPACK POLSKA SP. Z O.O.

On 20th July 2007, Flexopack S.A. acquired 75% of the Polish company Fescopack Sp. z o.o.

The Company is located in Malbork of Poland, in the region of Gdansk, and owns land, buildings and machinery. The location is ideal in terms of geography and apart from quick service of the Polish market, allows direct access and service to all neighboring markets (Russia, Ukraine, and Germany) which are of particular interest because of their development for Flexopack.

In 2015 the Company changed its name from Fescopack Sp. z o.o to Flexopack Polska Sp. z o.o. The above amendment was decided on the basis of naming the companies of the Group on a similar manner and therefore making them more recognizable.

Flexopack Polska Sp. z o.o. is engaged in the production and sale of high barrier shrink bags and other flexible packaging materials.

In 2013, Fescopack Sp. Zoo increased its share capital at the amount of PLN 14,7 million (approximately EUR 3,5 million), which was fully covered by Flexopack S.A. increasing this way its participation in the share capital of Fescopack Sp. z o.o. to 97.86 %.

In 2016 another share capital increase took place amounting to PLN 4,4 million (approximately EUR 1,02 million) and the participation of Flexopack S.A. increased to 98.32%.

On 19th October 2017, Flexopack S.A. proceeded with the purchase of six hundred eighty eight (688) common shares of the subsidiary company Flexopack Polska Sp. z o.o, corresponding to 1,68% of the paid in share capital for a total consideration of PLN 344 thousand (approximately Euro 81 thousand). Following this acquisition, Flexopack S.A. became the sole shareholder of the subsidiary company.

FLEXOSYSTEMS LTD BELGRADE

Flexopack S.A. proceeded on 12th May 2010 in establishing the Company Flexosystems Ltd Belgrade, based in Belgrade, Serbia, with the objective of distribution, promotion and marketing of all products manufactured and marketed by the Group FLEXOPACK into the growing Serbian market.

This action is part of the company’s strategy to further expand its global distribution network of products.

The Company is a 100% subsidiary of Flexopack S.A.

The establishment of Flexosystems Ltd Belgrade fully serves Group’s strategic planning for the selective strengthening of distribution network and expand its operations in the geographic markets of Balkans.

FLEXOPACK INTERNATIONAL LIMITED

Flexopack International Limited was established on 13th of October 2014, in Larnaka, Cyprus. The Company is a Holding Company and is a 100% shareholder of Flexopack PTY Ltd, Flexopack Properties Ltd and Flexopack Trade and Services UK Ltd.

FLEXOPACK PTY LTD

Flexopack PTY Ltd was established on 20th October 2014, in Brisbane, Australia and is engaged in the processing of flexible plastic packaging products and their wholesale distribution to Australia. Those products are mainly high barrier packaging films intended for food packaging products and especially products from the meat, dairy, seafood and poultry industry.

The Company is a 100% immediate subsidiary of Flexopack International Limited.

The Company was strategically established in Australia according to the Group’s intention to further enhance the supply chain in Australia and New Zealand and to expand the Group’s presence internationally in markets showing a significant growth potential.

FLEXOPACK TRADE AND SERVICES UK LIMITED

Flexopack Trade and Services UK Limited was established on 20th November 2014 and is operating as a wholesale distributor of food packaging products in UK. Company’s office is at London, U.K.

The Company is a 100% immediate subsidiary of Flexopack International Limited.

The Company was established in the context of the Group’s intention to further enhance the supply chain in the United Kingdom and Ireland and to expand the Group’s presence abroad by upgrading the local distribution and service channel and taking advantage of the unique properties found exclusively in Flexopack products.

FLEXOPACK NZ LIMITED

Flexopack NZ Ltd was established on 25th October 2016, in Auckland, New Zealand and is engaged in the wholesale distribution of Flexopack products to New Zealand. Those products are mainly high barrier packaging films intended for food packaging products and especially products from the meat, dairy, seafood and poultry industry.

The establishment of the company is part of the wider Group’s strategy to obtain presence in markets that have a significant growth potential.

The Company is a 100% immediate subsidiary of Flexopack PTY Ltd.

FLEXOPACK PROPERTIES PTY

Flexopack Properties PTY was established on 14th November 2017, in Brisbane, Australia.

The company currently does not have any commercial activity and the reason for establishing the particular legal entity is explained by the intention of the Group to expand its current manufacturing activity in Australia. The Company has already purchased a piece of land in the suburb of Yatala and manufacturing facilities will be built in the near future.

The Company is a 100% immediate subsidiary of Flexopack International Limited.

NOTE: All the above subsidiaries are included in the consolidated financial statements of Flexopack S.A, which is the ultimate parent company of the Group. More information can be found in the annual financial reports.

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AFFILIATES

INOVA SA

INOVA S.A. is a leading domestic supplier in injection-molded packaging for the food industry.

The company has two main activities:

  • Trays, bowls, jars and caps are offered to the ice cream, coffee and confectionery industry, in a variety of types and sizes with in-mould labelling capability.
  • Bag-in-box, of various sizes, aseptic and non-aseptic for dairy products, wine and juices.

In-house mould-making offers great flexibility and quick response to the customers.

The company is located in Athens, Greece. 

VLACHOS BROS SA

VLACHOS BROS S.A. is an export-oriented flexible packaging converter specialized in rotogravure printing (up to 8 colours) and lamination (solvent less and solvent-based) mostly for the food industry.

Applications are, mainly, for snacks and confectionery, processed meat and cheese, and bakery products. Wide range of barrier and high barrier films (EVOH/PVDC) are available to service industries of perishable products.

Non-food applications include tobacco and hygiene products.

The Company is located in Koropi-Attiki, in a short distance from Athens and Piraeus, the main Greek port.

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