Germany-based Carton Group has announced the acquisition of British luxury packaging supplier Duncan Print Group.
Duncan Print manufactures folding cartons for customers in the health, beauty, personal care, and food and drink sectors, with a focus on promotional products, Carton Group said. Financial details of the transaction have not been disclosed.
Duncan Print will join Carton Group as a direct subsidiary. The previous owner Bill Duncan will hand over the management of the company to his son James Duncan, who will act as Managing Director in future.
Andrea Wildies, CEO of Carton Group, commented: "The broad expertise of the Duncan Print Group team, with brand and retail know-how and the ability to implement cross-packaging innovation processes, is impressive. They also offer excellent customer service."
Bill Duncan, outgoing owner of Duncan Print Group, added: "I am proud of our company's achievements and confident that the continued development of the business as part of Carton Group will make the company even stronger. Having spent my entire working life in this company, handing over the reins to my son James and the Carton Group is a very emotional moment for me. However, with their enthusiasm and high-quality standards, they will continue to develop the tradition and character of Duncan. This is the start of an exciting new phase in the company's history."
Carton Group, owned by the investment company Waterland, aims to be a leader in the European packaging industry through both organic growth and targeted acquisitions. The company only recently took over Wrapology – which also marked its entrance to the UK market – as well as Noble-pac and Europoligrafico.
At the beginning of October, the company announced that it had received refinancing of an undisclosed amount from credit company Capital Four for an ambitious expansion plan.