Hungarian can maker rescued by US peer
Troubled Hungarian aerosol can maker Szenna Pack, which was recently bought by a unit of US peer Exal Corporation, will soon restart production, regional daily Somogyi Hírlap said on Wednesday.
Some of the company's six production lines need another 1-2 months of maintenance before they can relaunch, the paper said.
US-based extruded aluminum can maker Exal Corporation reached an agreement to acquire Szenna Pack for €14 million and pay off some of its debts late last year, Econews reported earlier.
Family-owned Szenna Pack filed for bankruptcy protection in July because of a poorly-timed investment.
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