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Last updateFri, 27 Nov 2020 2pm
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VPK Group NV and Encase Ltd reach acquisition agreement

VPK Group came to an agreement with COPI Holding to buy Encase Ltd, manufacturer and designer of corrugated cardboard packaging. Encase Ltd operates two integrated corrugated packaging plants in England and one sheet plant in Scotland. It is VPK’s intention to merge Encase with its UK corrugated operations, formerly known as Rigid.

Two decades of continued business growth
VPK’s corrugated operations in UK and Ireland, formerly known as Rigid Containers and recently rebranded as VPK Packaging, experienced impressive and consistent yearly growth since it entered the VPK Group in 2000. Under its ownership, VPK invested more than £100 million into the division. Desborough was transformed into the UK flagship site, whereas greenfield sites in Wellington and Selby gradually increased capacity to fully mirror operations on all three sites.
In 2015, the acquisition of ICS Europaks in Limerick, Ireland, further strengthened the geographical spread. With a strong focus on high quality printing capacities, the UK and Ireland divisions enjoy a solid reputation with high service requirement customers. Earlier this year, VPK acquired a majority stake in Corrboard UK Ltd, a leading supplier of corrugated cardboard sheets located in Scunthorpe, operating a 320,000 sq ft modern factory and equipped with a new fast order-change Fosber 2.80m corrugator, using a CO2 neutral production process.
As part of its long-term strategy, it is now VPK’s intention to fully merge Encase with the existing VPK UK corrugated operations. The combined businesses are expected to achieve yearly sales of more than 200 million GBP in corrugated packaging and sheets. All six corrugators combine a yearly containerboard consumption of 300.000 Tons, which represents a major part of the non-integrated recycled containerboard consumption in UK.
VPK has a proven track record of successful investments and acquisitions in corrugated manufacturing assets. These include four sheet feeding plants in Poland and Germany – known under the brand name Aquila, an ultra-modern greenfield investment project in Halden (Norway) which was recently put into operation and the acquisition of Viallon Emballages in France. With regards to containerboard production, the pioneering conversion in Strasbourg, France, of the former UPM Stracel assets by Blue Paper, set a new standard for the recycled containerboard industry.

www.vpkgroup.com

 

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