Valuepap's expertise in cup solutions is a strategic complement to Cardbox Packaging 's barrier solutions, according to the company.
Austria's packaging company Cardbox Packaging will acquire its fellow Austrian manufacturer of paper cups Valuepap. The closing of the transaction is scheduled for 31 December 2021.
Valuepap produces paper-based cups with sustainable barrier coatings, especially for the ice cream, honey and dry food market. For Cardbox Packaging the acquisition represented an important strategic addition to the product portfolio and a further growth step, the company explained.
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