Nov 03, 2011. /Lesprom Network/. Bong has acquired 50% of the packaging company Angus & Wright Limited and has also got an option to buy the remaining 50% within the next five years, as the company said in a press release received by Lesprom Network. Angus & Wright is based outside London, UK and is selling a wide range of automatic packaging machines and coldseal material (mainly plastic or board) on reels to European E-fulfillment companies. Angus & Wright was established nearly 20 years ago and the business has grown to a turnover of around GBP1.3 million. “The acquisition of Angus & Wright is in line with our strategy to grow our ProPac sales and to advance our position as a reliable supplier and a valuable partner to the fast-growing e-commerce industry. Angus & Wright is an important brick for accelerated growth in this segment in Europe” says Bong’s President and CEO Anders Davidsson. Bong’s ProPac sales (specialty packaging) is approximately Euro 55 million on an annual basis before the acquisition of Angus & Wright and is one of the group’s key growth areas. Angus & Wright will be consolidated from November 1, 2011 and is expected to contribute positively to Bong’s result from the 1Q 2012.