Announced
Completed
Financials
Tags
Netherlands
Single Bidder
Acquisition
Containers and Packaging
Private
packaging solutions
Cross Border
Friendly
Majority
Completed
Synopsis
Stora Enso, a manufacturer of pulp, paper and other forest products, completed the acquisition of De Jong Packaging, a specialist in corrugated trays and boxes, for $1bn. "I am pleased to officially welcome De Jong Packaging Group as part of Stora Enso. This acquisition advances Stora Enso's strategic direction by accelerating revenue growth and building market share in renewable packaging in Europe," Annica Bresky, Stora Enso President and CEO. On December 1, 2022, Stora Enso received approval for the acquisition of De Jong Packaging.
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