The Huber Packaging Group is moving under the umbrella of the Envases Group. As Envases Europe A/S has now announced, an agreement has been concluded to acquire the European manufacturer of metal and plastic packaging.
The acquisition, which is still subject to review by the competition authorities, is expected to go ahead, completed in the first quarter of 2021 will be realised. The financing for the transaction has already been fully committed. The Huber Packaging Group, based in Öhringen, operates sites in Germany, England, Switzerland, Austria and Hungary.
Further development for Huber Packaging
Envases Europe A/S employs 1,100 people in Europe with production facilities in Denmark, Sweden and the Netherlands and supplies customers in more than 30 countries. With the addition of the Huber Packaging Group with 900 employees and six production sites Envases Europe expands to 2000 employees and 13 production sites.
„We are delighted with the acquisition of the Huber Packaging Group. Building on the position of Envases Europe A/S in the European food packaging market, the European presence of the Envases Group in the important industrial packaging segment will be significantly increased.“ Brian Nielsen, Envases Europe A/S Chief Executive Officer
Martin Lüer, CEO of the Huber Packaging Group, sees this change in a very positive light: „We are looking forward to becoming part of a strong family business. Under the umbrella of the Envases Group, we see opportunities to further develop the Huber Packaging Group successfully. The acquisition gives us the necessary drive for a successful future and allows us to support our customers with even better service.“
[infotext icon]The Envases Group is divided into three packaging divisions - PET Packaging, Aluminum Beverage Packaging and Food & Industrial Packaging - each with specific competences. The Group currently has 66 production sites, three joint ventures and is represented on four continents[/infotext].Source: Huber Packaging Group
