Hinojosa Packaging Group continues to expand its international presence with the acquisition of the Italian company, MS Packaging.
With the addition of the two plants located in the towns of Salerno and Arzano, Hinojosa has entered the Italian market. MS Packaging is an family owned company specialised in the manufacture and sale of paper and corrugated packaging. Comprising a packaging factory and a paper mill and boasting a strong presence in the food and beverage market, the company had a turnover of €60m in 2023. Its entire workforce of about 200 employees will retain their jobs under Hinojosa.
With the aim of offering customers the widest range of products, Hinojosa has acquired MS Packaging as a company that shares the same philosophy, based on innovation, the most advanced technology, sustainability, and proximity to the customer. With the incorporation of MS Packaging, Hinojosa now has a workforce of 2,900 employees and 24 production plants located in Spain, Portugal, France and Italy.
This acquisition coincides with the start of Hinojosa’s new 2024-2026 Strategic Plan. After consolidating its growth over the last three years, this will mark a new stage in which the company will be focusing on internationalisation, to continue expanding its supply of sustainable packaging, anticipating the trends of the sector, and thus the demands of its customers.
Hinojosa closed last year with a turnover of €739m 10% lower than the previous year, with the drop in raw material prices being the main factor. Hinojosa was able to transfer this cost reduction on to its customers, in contrast to the previous period when soaring inflation had hiked up raw material and energy prices.
The Group’s international expansion was consolidated in 2023 with the acquisition of 49% of the French company ASV Packaging, which enabled Hinojosa to strengthen its presence in France and improve the service and product it was offering to European customers. The presence of plants in France, along with those in Portugal and Spain, has led to a growth that has also resulted in a 10% increase in the workforce across its network of work centres.
A firm commitment to decarbonisation is another of the company’s main objectives, as part of its ESG commitments to the environment. Last year ended with positive results in this area: a 22% reduction of emissions and carbon footprint compared to the previous year. And of equal importance for Hinojosa, the company achieved a waste valorisation of 95.2%.
