Stora Enso Acquires De Jong Packaging Group Stora Enso has acquired Dutch packaging com- pany De Jong Packaging Group. The acquisition, made at an enterprise value of approximately EUR 1,020 million. Stora Enso’s Packaging Solutions division plans to increase its corrugated packaging capacity by around 2,000 million square meters, including the ongoing projects of De Jong Packaging Group. With expansion expected to intensify in 2025, this year’s EBITDA of EUR 114 million is predicted to increase by EUR 40 million; the maximum additional earn- out payment in 2024 is anticipated to reach EUR 45 million. Forming Partnerships The company previously divested its three corru- gation packaging plants in Russia due to market uncertainties and halted all imports, exports, pro- duction, and sales in light of the war in Ukraine. Back in July, Stora Enso partnered with Tetra Pak to experiment with a shared beverage recycling solution to assist in the disposal of the 75,000 tons of beverage cartons sold on the Benelux market each year.
Sustainable (Cont’d from Page 1)
Consumers are increasingly concerned about the environmental impact of packaging, and as part of the solution, many retailers are seeking recycled content in packaging. • Active packaging held the largest share of more than 30 percent in the market in 2020 due to its wide use in the sustainable packaging market. The potential of nanotechnology is actively explored in the food packaging sector including active pack- aging. Thereby the transformation of active com- pounds from micro to nanoscale provides a new opportunity. • The food and beverage sector held the largest share of more than 35 percent in the sustainable packaging market in 2020 and is projected to grow at a CAGR of 12.5 percent during the forecast peri- od 2021-2026. Several market drivers and challenges will shape the future of the sustainable packaging market, in- cluding: increasing demand for sustainable pack- aging in the personal care and healthcare industry; growing government initiatives toward sustainable packaging; instability in the price of raw materials; and lack of awareness of the value of sustainable growth in many developing economies.
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Flexo Market News September 12, 2022 3
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