News

  12/04/2017 | Packaging

Klingele and VPK join forces to invest in Scandinavian firm Peterson

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. A business and investment plan has been launched to strengthen its market position.

Going forwards, Klingele will participate in this Nordic market expansion. The partnership between both manufacturers is a continuation of an existing and successful European collaboration. In October 2016, the Scandinavian packaging group Peterson was acquired by VPK Packaging Group from its previous owner, Pemco. The Peterson group’s 800 employees manufacture corrugated cardboard packaging in six sites in Norway, Sweden and Denmark, achieving a total turnover of € 160 m.

Back in 2013, after a long-term cooperation within the alliance Blue Box Partners, Klingele and VPK co-funded the successful conversion of a publication paper mill into a containerboard mill. This collaboration resulted in the Blue Paper manufacturing unit, which today ranks among the top units in Europe within its category. The partnership in Scandinavia will further expand this successful collaboration into the corrugated packaging sector.

Blue Box Partners (BBP) is the leading European network of four like-minded packaging manufacturers: Cart-One, Hinojosa Packaging, Klingele Papierwerke and VPK Packaging Group. This collaboration was founded more than 10 years ago to meet the needs of European customers. Today, BBP employs 8,000 staff in 68 sites, from Norway to Spain, and from Ireland to Romania, achieving a turnover of over € 2 bn.

www.klingele.com www.vpkgroup.com