Van Genechten Packaging Acquires Ost-Print Folding Carton Company in Russia

The Van Genechten Group, Turnhout, Belgium, has acquired Ost-Print LLC, a specialised folding carton producer in the Moscow, Russia, region. Already approved by the Russian Anti-Monopoly body (FAS), the acquisition takes effect immediately. Following the acquisition of VG Contours ZAO 10 years ago, this new acquisition expands the Belgian Group’s presence in Russia.

 

With a steadily growing turnover in excess of EUR 8 million, Ost-Print focuses on high added-value carton packaging for the Russian market, serving both international and regional FMCG customers. According to Frederic de Somer, Van Genechten managing director, the strategic match with Van Genechten Packaging (VGP), an independent, innovative folding carton producer, is obvious. "We invest in high-growth markets, following our international customers’ expansions, and create a richer, broader offer for our regional customers too. By bringing our innovation, quality, operational excellence, and supply chain expertise to the Russian market, we are reinforcing our commitment there. We are glad to have Ost-Print’s experienced personnel on board to develop our activities further in this growing market," de Somer said.  

 

Ost-Print employs 85 people and operates in food and non-food folding carton segments. It is well-equipped with a (pre)press department and UV, hot foil, label, and window patching possibilities. 

 

VGP consists of 10 folding carton factories in seven countries, leading the European consumer goods industry with printed folding cartons, microflute, and other packaging solutions. With an annual turnover of EUR 300 million, the group converts more than 200,000 tons of board each year and employs 1,500 people.