The Belgian packaging group VPK Group has increased its stake in Ribble Packaging Ltd. in the UK from 30 to 50 per cent. The move gives both partners joint control of the company and strengthens their position in the growing market for fanfold solutions (continuous corrugated board).
VPK Group first invested in Ribble Packaging in 2023. The now agreed increase is part of the company's long-term strategy to expand its own presence in the field of customised corrugated board solutions and extend its geographical reach in Europe. Ribble Packaging is an established British manufacturer of corrugated board products with a focus on fanfold (continuous corrugated board).
„Ribble has invested significantly in recent years and, with more than 80 years of experience - 30 of which have been in the fanfold sector - has become a leading player in this segment in the UK. By deepening our partnership, we are strengthening our position in this fast-growing market and responding to the increasing demand for customised packaging solutions.“
Pierre Macharis, CEO of the VPK Group
Expansion of the European Fanfold network
The VPK Group is further expanding its European production network for Fanfold with its investment in Ribble. In addition to the site in the United Kingdom, the company also produces fanfold in Alizay in France and at Zetacarton in Italy. According to the company, this geographical positioning enables more efficient supply to e-commerce and distribution centres as well as customers who rely on customised packaging solutions.
Fanfold as a growing segment
Fanfold refers to endless corrugated cardboard with pre-grooved fold lines that can be flexibly cut to different formats. The solution is becoming increasingly important in e-commerce and logistics in particular, as it helps to reduce packaging waste and optimise transport volumes.
„This new 50/50 joint venture structure unlocks the full potential of the partnership between Ribble and VPK and will enable further sustainable growth, innovation and improved service for our customers. Ribble's organisational structure, strategy and day-to-day operations will remain unchanged.“
Stephen Rector, Managing Director of Ribble Packaging
Joint control and stable raw material base
The increase in the shareholding creates a 50/50 structure with joint control by VPK Group and the existing shareholders of Ribble Packaging. According to VPK, the investment fits in with the aim of further expanding a vertically integrated business model. With its own paper mills in Belgium and France, the Group ensures a stable supply of recycled paper.
Source: VPK
