De Jong Packaging Group , the largest independent corrugated manufacturer in the Benelux , is pleased to announce that Stora Enso has acquire the company . Together , De Jong Packaging Group and Stora Enso will quicken tax revenue ontogenesis and build market part in renewable packaging in Europe . De Jong Packaging Group ’s product portfolio and geographical presence will complement and enhance Stora Enso ’s offering , especially in fresh produce , vitamin E - commerce , and industrial packaging .
The learning will significantly strengthen Stora Enso ’s European grocery store front in corrugated promotional material and ply an entry into the Netherlands , Belgium , Germany , and the UK . Together , the corrugate promotion capacity of De Jong Packaging Group and Stora Enso ’s Packaging Solutions will be more than 2,000 million m2 , let in De Jong Packaging Group ’s on-going expanding upon projects , which are expected to be finalized by 2025 . The combination will secure a platform for continued sustainable growth in the split European corrugated packaging market . The enterprise value of the transaction is approximately EUR 1,020 million , of which EUR 250 million is IFRS lease assets and liabilities .
“ We are majestic of what we have achieved over the past 26 years at De Jong Packaging Group . In Stora Enso , we have get hold an proprietor that shares our increase ambitions . De Jong Packaging Group and Stora Enso complement each other . Together we will enhance our customer proposition and will open up many opportunity for our staff office . Therefore , we very much count frontward to the next stage of De Jong Packaging Group ’s emergence , ” state Henk de Jong , possessor of De Jong Packaging Group , and Ad Smit , CEO of De Jong Packaging Group .
“ In melody with our scheme , we are invest in grow our market share in renewable and rotary packaging solvent . De Jong Packaging Group has a solid presence in the corrugated packaging sphere and an telling client substructure . win their operations supports our future strategic focus to advance renewable promotional material solutions within Europe , ” says Annica Bresky , President and CEO at Stora Enso .
“ We are excited about this acquisition . With our divvy up focus on agility and customer time value , and with the excellent team in both companies , we will create a solid platform for succeeding ontogeny . De Jong Packaging Group has a square track record of growth in corrugate packaging , which , combined with our experience in groundbreaking design , digital result , and sustainability services , will enable us to strengthen our offer , ” says David Ekberg , EVP Packaging Solutions division at Stora Enso .
Nielen Schuman roleplay as fiscal adviser to the shareholders of De Jong Packaging Group , and De Brauw Blackstone Westbroek served as their legal advisor .
The dealings is subject to works council audience and regulatory approval and is expected to close in other 2023 .
For more information : Anna - Lena ÅströmTel : +46 70 210 7691Email:[email protected]www.dejongverpakking.com / en
