The Netherlands-based company said that the purchase of Megasa is subject to the usual conditions and is expected to complete in the first quarter of 2009.
Megasa is the third largest manufacturer of seafood cans on the Iberian Peninsula, with annual sales of approximately €40m. Based on the Atlantic coast near Vigo, the factory employs around 150 people and produces steel cans for the tuna, sardine and shellfish markets in Galicia, home to Europe’s largest seafood processing industry.
Impress said the acquisition will complement the nearby Impress factory in Pontevedra, which produces seafood cans in aluminium.