Jul 26, 2010. In line with the strategy to enhance customer value for the European FMCG industry, Van Genechten Packaging has acquired 50% of AS Kvadra Pak, the leading packaging company in the Baltics, located in Riga. The current shareholder remains for the other 50%.
Van Genechten Packaging acquires 50% stake of Kvadra Pak
Jul 26, 2010. /Lesprom Network/. Van Genechten Packaging has acquired 50% of AS Kvadra Pak, the leading packaging company in the Baltics, located in Riga. The current shareholder remains for the other 50%, the company said in a statement received by Lesprom Network.
Kvadra Pak employs approximately 120 people and converts more than 5.000 tons of paper and cartonboard per annum on two offset printing lines servicing mainly international and regional customers in the Baltics, Scandinavia, Russia, Poland. It offers the full range of folding cartons, from highly sophisticated for confectionery and cosmetics to standard cartons for food and non food markets.
The closing of the transaction is subject to specific conditions precedent.
Van Genechten Packaging is a group of nine folding carton factories in six countries, which serves the European consumer goods industry with cardboard boxes and microwave- packaging and packaging systems.
