Market: Packaging Paper & Board
4 October, 23:46
VPK Packaging Group has announced investment in a 30% stake of CorrBoard UK, the privately owned corrugated sheet manufacturer located in North Lincolnshire, United Kingdom, by capital increase and acquisition of Corrugated Synergies International’s stake in the consortium.
CorrBoard UK will be fully supported by the proficiency of Rigid Containers, VPK's UK-based packaging division.
VPK Packaging Group’s CEO Pierre Macharis stated: “CorrBoard’s modern 320,000ft2 factory is impressive and with VPK’s strong management, know-how and skills, we expect to continue to operate as an independent unit with a dedicated strategy. This will deliver high service levels and a competitive product offering to the market.”