Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries. The acquisition announced in September 2022 with an enterprise value of approximately Euro 1,020 million was closed today following regulatory clearances and employee consultation.
The acquisition will significantly strengthen Stora Enso’s presence in European packaging markets and provide an entry into the corrugated packaging market in the Netherlands, Belgium, Germany and the UK. With the acquisition, Stora Enso’s Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group’s ongoing expansion projects. De Jong Packaging Group’s full year 2022 sales is estimated at approximately Euro 1 billion. Its product portfolio and geographic presence complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.
Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world.
