Posted April 13, 2017
Six months after the acquisition of Peterson by VPK Packaging Group, Klingele and VPK have announced that they will join forces to continue investing in the Scandinavian business unit.
In October 2016, the Scandinavian packaging group Peterson was acquired by VPK Packaging Group from its previous owner, Pemco. The Peterson group manufactures corrugated cardboard packaging in six sites in Norway, Sweden and Denmark, achieving a total turnover of Euro 160 million.
To guarantee future growth in the Nordic market, an extensive investment plan has been launched in all three countries. This master plan, in which Klingele now participates through a 26% shareholding, will focus on quality certification, product innovation and productivity increase.
With support from two dynamic and experienced packaging manufacturers, Peterson aims to further capitalise on the potential of the Scandinavian market to strengthen its market position. Klingele and VPK will be extending an existing and fruitful partnership with this project.