Nip Impressions logo
Thu, Mar 28, 2024 22:27
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
VPK Packaging Group reaches agreement to acquire SolidPack

BELGIUM -- VPK Packaging Group has reached an agreement to acquire 100% of the shares of SolidPack.

With this move VPK will further expand its solid board segment - known under the brand name Smart Packaging Solutions. By bundling two complementary suppliers under one solid brand, the group aims to be to respond to the increased market requirements for solid board packaging.

Smart Packaging Solutions is the solid board division of VPK Packaging Group. As with all of the group's packaging options, solid board forms part of an integrated and circular production process, thanks to in-house paper recycling.

With 250 employees, Smart Packaging Solutions produces about 85,000 tons of packaging per year. This makes for a turnover of Euro 70 million, which is mainly achieved in sectors such as vegetables, meat and chicken.

The acquisition of SolidPack adds 175 employees, 65,000 tons of packaging and more than Euro 50 million in turnover. Core markets are in the meat, fish and flower industries. With this transaction, Smart Packaging Solutions takes a leading market position in Europe.

*****

Take our annual reader survey here


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: