CorrBoard expects its "operational success to be enhanced with VPK's involvement"
VPK Packaging Group NV acquired a 30% stake of CorrBoard UK Ltd, the privately owned corrugated sheet manufacturer located in North Lincolnshire, United Kingdom, by capital increase and acquisition of Corrugated Synergies International’s stake in the consortium. The CorrBoard consortium also includes Beaucrest Packaging Solutions, Dairi-Pak, Fencor Packaging Group, GWP Group, Garthwest, McLaren Packaging and Swanline Print. With its headquarters in Belgium, VPK has a network of facilities in paper manufacture, corrugated and solid board packaging across Belgium, Holland, the UK, Ireland, France, Germany, Poland, Scandinavia and Romania, with additional facilities in Turkey and the U.S.
VPK explained that CorrBoard UK would be supported by Rigid Containers Ltd, a VPK company that converts 340 Million m² of corrugated material per annum in the UK and Ireland. CorrBoard expects its operational success to be enhanced with VPK’s involvement and is planning to grow the current volume of 130 million m² of sheets produced.
A statement released by CorrBoard’s sheet plant partners expressed gratitude to Corrugated Synergies International for its expertise and assistance during the past three years as operational partner at the plant, and welcomes VPK into the organisation to further develop the business.