Foresco Packaging completed the acquisition of Arifal.

Foresco Packaging, a provider of industrial transport packaging services, completed the acquisition of Arifal, a manufacturer of recycled wooden pallets. Financial terms were not disclosed. "The takeover talks with Arifal were started before the corona crisis. It is a well-considered choice to let the transaction go ahead rather than delaying it until the general economy comes into calmer waters. For example, this period can be used to integrate Arifal into the rest of the group, so that in the event of an eventual revival of the economy, it will be possible to take full advantage of the economies of scale already achieved,” Jan Ponnet, Foresco Managing Director.