The VPK Group is further strengthening its presence in Italy. Only a few months after doing its first foray into the Italian market by acquiring Zetacarton, the Belgian packaging group announced that it founded a joint venture with corrugated packaging company IEMME.
IEMME produces corrugated sheets and packaging at its site in Gambolò near Milan. Products include, amongst others, fanfold packaging or digital printed packaging. In 2023, the company manufactured 70 million m² of corrugated board and generated sales revenues of €40m. It employs 100 people.
This is VPK’s second step in the Italian market. The group acquired a majority stake in corrugated packaging producer Zetacarton in October last year. Zetacarton can produce 110 million m² of corrugated products, including niche products such as fanfold packaging and bigbox packaging. The company has a staff of 110.