VPK Packaging Group has reached an agreement to acquire 100 per cent of the shares of SolidPack. With this move, VPK will further expand its solid board presence, which operates under the name Smart Packaging Solutions.
Smart Packaging Solutions is the solid board division of VPK Packaging Group. As with all of the group’s packaging options, solid board forms part of an integrated and circular production process, thanks to in-house paper recycling. Smart Packaging Solutions is housed at VPK’s facilities in Oudegem. In 2008, the division expanded to a second location in Meer, near the Dutch border.
With 250 employees, Smart Packaging Solutions produces about 85,000 tons of packaging per year. This makes for a turnover of €70 million, which is mainly achieved in sectors such as vegetables, meat and chicken. The acquisition of SolidPack adds 175 employees, 65,000 tons of packaging and more than €50 million in turnover. Core markets are in the meat, fish and flower industries. With this transaction, Smart Packaging Solutions takes a leading market position in Europe.
