VPK Packaging and Klingele Papierwerke will jointly develop their subsidiary Peterson

摘要

Belgian packaging manufacturer VPK Packaging (VPK) and Germany's Klingele Papierwerke GmbH und Co. KG (Klingele) plan to jointly drive growth of VPK's Scandinavian subsidiary Peterson. VPK acquired corrugated board and packaging manufacturer Peterson from Norwegian investment company Pemco last October and has now drawn up an investment plan for the company's growth. Klingele, which acquired a 26% stake in Peterson in April according to VPK, will contribute a proportional share in the investment.