VPK Summarises 2023 as Year of Acquisitions
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Positive developments VPK Group has announced that, in 2023, the business carried out a number of acquisitions to develop its market foothold.
VPK "strengthened its position with several strategic acquisitions in 2023. In the corrugated packaging segment, we entered the Italian market for the first time with a majority stake in Zetacarton, a producer of niche products such as fanfold and big-box packaging. Additionally, VPK acquired a stake in Ribble, the UK market leader in fanfold products. These initiatives further expand our geographical coverage of the fit2size product range,” the group said.
"Our tubes and cores division, Corex, expanded its network with the acquisition of Arteche Paper in Portugal and Spain, further strengthening our capacity and market position. In January 2024, we announced a joint venture with IEMME srl, an Italian corrugated board company, further strengthening our presence in Italy,” according to the firm.
