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Klingele acquires 50% of Onboard Corrugated Limited and Onboard Investments Limited
Klingele Group has acquired 50% of Onboard Corrugated Limited and Onboard Investments Limited.
Onboard Corrugated Limited, the UK-based dedicated sheet-feeder and Onboard Investments Limited are to become wholly owned subsidiaries of newly formed Klingele Onboard (Holdings) Limited.
The plant is well invested with two updated corrugators served with a new materials handling facility and has a solid volume base comfortably in excess of 100 million sqm pa to build upon. Onboard will look to continue to develop itself further on the back of strong strategic partnerships with like-minded independent box plants.
Jan Klingele, Managing Partner of the Klingele Group stated, “We have known Onboard Corrugated for many years as a trustworthy customer for our corrugated base papers. With our investment we want to further support the positive development of the company and participate in the successful growth of the sheet-feeding business, I am delighted to support Onboard even more in the future and looking forward to the journey ahead.”
The Klingele Group is an international supplier of paper, corrugated cardboard packaging solutions and adhesives.
Source: Lesprom Network