International Paper to acquire Spanish packaging producer
International Paper is in the process of taking over Envases Grau in Spain, a company with four packaging plants and capacities of around 15,000 tpy, according to Euwid.
International Paper continues to grow on the Spanish market. The company, which is currently in talks to take over a plant in Spain from the Rossmann Group, announced at the end of 2018 that it would acquire the Spanish packaging manufacturer Envases Grau. The transaciton value was not disclosed.
Envases Grau is a family-run manufacturer of corrugated board and wooden packaging, especially for fruit and vegetables. The company operates four sites. According to International Paper, Envases Grau has a capacity of 15,000 tpy of corrugated board and wooden packaging and employs 70 people.
With the acquisition, International Paper is pursuing its strategy of investing in the corrugated packaging business in the EMEA region. Euwid reports that the company is currently in the process of acquiring another packaging plant - the Kadem plant near Barcelona - from the Rossmann Group.