Elopak boosts MENA offer
Naturepak Beverage acquisition completed
Elopak has completed its acquisition of Naturepak Beverage
from Naturepak Limited, a wholly owned subsidiary of Gulf
Industrial Group, and Evergreen Packaging International
LLC (Evergreen Packaging), a wholly owned subsidiary of
Pactiv Evergreen Inc.
The acquisition of Naturepak, the leading gable top fresh liquid
carton and packaging systems supplier in the MENA region, sees
the addition of local production facilities in Morocco and Saudi
Arabia to Elopak’s extensive existing global network, which already
encompasses customers across 70 countries. At the same
time, it boosts annual production capacity by more than 2.5 billion
cartons, supporting the company’s ambition to meet the growing
demand for sustainable packaging solutions.
The acquisition will also provide access to a strategic customer
base in the fresh beverage carton segment in key growth markets,
many of whom are global blue chip FMCG players and strong regional
champions.
The acquisition marks a key milestone in Elopak’s growth strategy.
Having listed on the Oslo stock exchange in 2021, the company
is seeking to capitalize on its strong track record, growing
geographical footprint and investment in sustainability-focused
innovations to target organic growth of 2-3% per annum. It is
pursuing new business opportunities across both traditional and
non-traditional segments, as well as driving the plastic to carton
conversion.
Elopak CEO Thomas Körmendi: This move
greatly enhances our position in the Middle
East and African markets (photo: Elopak)
Commenting on the acquisition Elopak CEO Thomas Körmendi
stated, "We are delighted to have acquired such a high-quality asset
in MENA. This move greatly enhances our position in the Middle
East and African markets, enabling us to realize our ambitions
of this growth region, as well as further strengthening our global
footprint. Going forward we are excited to share our sustainable
packaging solutions with Naturepak Beverage’s client base and
work hand-in-hand with them to find ways to reduce their carbon
footprint and empower consumers to make environmentally conscious
choices," he continued.
"As we strengthen our presence in the region, we continue to
bring new products to market that provide natural and convenient
alternatives to plastic bottles that fit within a low carbon circular
economy. We are ready to leverage our expertise, market-leading
technology and skills to grow our presence in the region across
products, segments and markets," Körmendi explained.
About Elopak
Elopak is a leading global supplier of carton packaging and
filling equipment. The company’s Pure-Pak cartons are made
using renewable, recyclable and sustainably sourced materials,
providing a natural and convenient alternative to plastic bottles
that fits within a low carbon circular economy. Founded in
Norway in 1957, Elopak was listed on the Oslo Stock Exchange in
2021. Today it employs 2,600 people and sells in excess of
14 billion cartons annually across more than 70 countries.
IDM ¦ Packaging
40 · March/April 2022 ¦ international-dairy.com
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