LC PACKAGING
Dutch firm takes minority stake in competitor Bluepack / Option open for full acquisition
Dutch packaging specialist LC Packaging (Waddinxveen; www.lcpackaging.com), which is celebrating its 100th anniversary this year, said it acquired a minority stake in its competitor Bluepack (Odense, Denmark; www.bluepack.dk) in September. The deal agreement includes an option to acquire the Danish company in full at a later date, according to the Dutch company. Both firms produce big bags, woven PP sacks, net sacks, and jute sacks, among other things. Financial details were not disclosed. 

The packaging manufacturer from Odense on the Danish island of Fyn (Photo: Bluepack)


With the deal, the Dutch company is strengthening its presence in Northern Europe. LC Packaging currently only has a sales office in Limhamn, Sweden, and its main production sites for big bags are in South Africa and Bangladesh, and in Belgium and Hungary for cardboard packaging. It also has a smaller affiliated production facility for net bags at the German sales location in Algermissen. The other branches in Germany (Rheine), France, the UK, Ireland, the Netherlands, Romania, Spain, the Ivory Coast, Namibia, and the US are also focussed on distribution. With more than 1,700 employees, LC Packaging reported turnover of EUR 253 mn in 2022. 

Bluepack, founded in 1953 as Dansk Sække Import, has been manufacturing big bags since the 1980s. In 1999, the Danish company opened a site in Löddeköpinge, Sweden.

 
30.11.2023 Plasteurope.com [254103-0]
Published on 30.11.2023
LC Packaging: Minderheitsbeteiligung an Marktbegleiter BluepackGerman version of this article...

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