Elopak completed the acquisition of Naturepak Beverage from Gulf Industrial Group and Pactiv Evergreen for $96m.

Elopak, a filling systems provider, completed the acquisition of Naturepak Beverage, a packaging company, from Gulf Industrial Group, a manufacturing concern, and Pactiv Evergreen, a manufacturer of fresh food and beverage packaging, for $96m. “This transaction represents an important part of the growth ambitions we outlined to our shareholders during our IPO this year. I am proud to take ownership of what we deem to be one of the highest quality assets in the region and to welcome the employees of Naturepak Beverage to the Elopak family. By establishing a presence in Morocco and Saudi Arabia we can access important growth markets and deliver Elopak’s brand portfolio to key local and international players. The transaction reflects our strong commitment to growth in the Middle East and Africa," Thomas Körmendi, Elopak CEO.