Europac becomes France's fourth packaging supplier

摘要

THE Europac Group has acquired a corrugated board factory in Caradec (France) for ?21.7 million, expected to be effective on March 1, 2013. The facility produces 100 million m~2 of corrugated board a year and consumes 60,000 tonnes of paper. The deal will accordingly enable the Europac group to step up board production in France by 28% and to increase its vertical integration. With this acquisition, the degree of integration between paper and board in the French market will rise from 67% to 88%. Jose Miguel Isidro, chairman of the Europac Group, said that "this acquisition falls under the umbrella of the Group's strategic targets for the French market, where we command a share of the packaging segment of 7.4%".