Van Genechten Packaging has acquired 100% of its UK joint venture with CartonCare Group.
This strategic move strengthens VGP’s position in the UK market, providing enhanced value to customers through expanded design and production capabilities.
Left to right: Joanna Calixto (CartonCare Group), Steven De Jonghe (VGP), Frank Ohle (VGP), Danny Goris (VGP) and Glenda Gilpin (MSO Cleland Ltd).
As reported in October 2022, VGP entered a joint venture partnership with CartonCare Group. This group of privately-owned companies, including CartonCare Ltd, MSO Cleland Ltd and Pendragon Presentation Packaging Ltd, has a combined annual turnover of €30m. The acquisition of the group brings the number of VGP sites to a total of 12 locations in nine countries.
Frank Ohle, CEO, Van Genechten Packaging Group said, “By integrating CartonCare Group in the VGP family, we strengthen our position in the UK market. Their wide customer base in general and premium packaging enables us to bring even greater value to our customers, with expanded design and production capabilities. Together, we can grow and prosper in the UK and EU market of folding carton.”
For existing business partners of CartonCare Group, this acquisition brings continuity. The operational teams remain in place. Joanna Calixto, Managing Director, added, “Guided by the resources and expertise of VGP, we are even better equipped to innovate, create and deliver the best sustainable packaging for our customers. We’re looking forward to a bright and exciting future, together with all our partners and customers.”
