VPK Group agrees deal for acquisition of Encase (packagingnews.co.uk)

Encase operates two integrated corrugated packaging plants in England and one sheet plant in Scotland.

VPK will merge Encase with its UK corrugated operations, formerly known as Rigid Containers.

The combined businesses are expected to achieve yearly sales of more than £200m in corrugated packaging and sheets.

All six corrugators combine a yearly containerboard consumption of 300,000 tons, which represents a major part of the non-integrated recycled containerboard consumption in UK.

Julian Freeman, sales and marketing director, UK & Ireland, VPK Group, told Packaging News: “The Encase business and customer profile is highly complimentary to that operated by VPK in the UK. The broader machinery portfolio provided by the acquisition will undoubtedly offer some new and interesting opportunities, enabling us to enter new markets, or indeed provide single source solutions where we were unable to do so before.”
more at source: https://www.packagingnews.co.uk/news/business/mergers-acquisitions/vpk-group-agrees-deal-acquisition-encase-22-10-2020#:~:text=VPK%20Group%20is%20to%20buy,formerly%20known%20as%20Rigid%20Containers.

Related Posts

Silgan Announces Record First Quarter Earnings and Confirms Full Year Earnings Outlook

Net sales for the first quarter of 2018 were $1.01 billion, an increase of $206.9 million, or 25.7 percent, as compared to $805.4 million in 2017. This increase was the result of the acquisition of the Dispensing Systems operations in April 2017 and higher net sales in each of the businesses. Income before interest and income taxes for the first quarter of 2018 was $92.2 million, an increase of $35.4 million, or 62.3 percent, as compared to $56.8 million for the first quarter of 2017, and margins increased to 9.1 percent from 7.1 percent for the same periods. Click Read More below for additional information.

Stora Enso introduces a unique carbon neutral cartonboard offering

Performa Light CarbonZero™ by Stora Enso is the first carbon neutral cartonboard offer in the market. It helps Stora Enso’s customers to have a smaller climate impact. Performa Light CarbonZero is a carbon neutral, renewable and recyclable cartonboard offering that helps Stora Enso’s customers to achieve carbon-related sustainability targets and show concrete and measurable actions on climate change through their packaging. Performa Light CarbonZero is produced at Stora Enso’s Fors site in Sweden, which is fossil carbon emission-free in its electricity and steam production and from the beginning of 2022 also in internal logistics. This is a result of continuous work and investments in improving the operations. The production is therefore already very low on greenhouse gas emissions. To make Performa Light CarbonZero carbon neutral, the currently unavoidable emissions originating from raw material production are compensated with a well-established offsetting service provided by external partner South Pole.

Sonoco Updates $115 Million Project Horizon Progress

Sonoco provided a progress report on Project Horizon, its $115 million investment to transform its corrugated medium machine in Hartsville, S.C. to a state-of-the-art uncoated recycled paperboard operation with annual production capacity of 180,000 tons. “The conversion of our corrugated medium machine (#10 machine) to URB is expected to be completed by the end of the second quarter of 2022, and there are a number of significant construction projects underway that will modernize the infrastructure of the entire Hartsville Mill Complex and allow for more efficient and safe handling of raw materials and finished goods,” said Tim Davis, Division Vice President and General Manager, Paper & Adhesives, U.S./Canada. A key element of Project Horizon is construction of a new stock prep system to provide approximately 650 tons per day of recycled fiber to the rebuilt #10 machine and other Hartsville cylinder machines.
Back To Top
×Close search
Search