{"id":68456,"date":"2022-09-08T09:45:28","date_gmt":"2022-09-08T07:45:28","guid":{"rendered":"https:\/\/packaging-journal.de\/?p=68456"},"modified":"2022-09-08T09:30:48","modified_gmt":"2022-09-08T07:30:48","slug":"stora-enso-acquires-de-jong-packaging-group","status":"publish","type":"post","link":"https:\/\/packaging-journal.de\/en\/stora-enso-erwirbt-de-jong-packaging-group\/","title":{"rendered":"Stora Enso acquires De Jong Packaging Group"},"content":{"rendered":"
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Stora Enso has acquired the Dutch company De Jong Packaging Group in order to expand its market share in the field of renewable packaging in Europe. In particular, the company wants to expand the area of renewable corrugated cardboard packaging.\u00a0<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The De Jong Packaging Group<\/a> is one of the largest manufacturers of corrugated packaging in the Benelux. Its product portfolio and geographical presence will expand the range of Stora Enso<\/a> and expand, especially in the fresh produce, e-commerce and industrial packaging sectors<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The acquisition of the De Jong Packaging Group will strengthen the European Strengthening Stora Enso's market presence in corrugated packaging and enabling entry into the Netherlands, Belgium, Germany and the UK<\/strong>. With this acquisition, Stora Enso's Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million square metres to more than 2,000 million square metres, including the ongoing expansion projects of the De Jong Packaging Group. This will create a platform for further growth in key markets.\u00a0<\/p>

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The enterprise value of the transaction amounts to around EUR 1,020 million, of which EUR 250 million is attributable to IFRS lease liabilities. The enterprise value corresponds to a multiple of 8.9, based on an adjusted EBITDA of EUR 114 million for 2022. An additional EBITDA of EUR 40 million is expected in 2025, when the ongoing expansion projects in the area of packaging processing are ramped up.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201eIn line with our strategy, we are investing in expanding our market share in renewable and circular packaging solutions. De Jong Packaging has a solid presence in the corrugated packaging sector and an impressive customer base. The acquisition of the company supports our future strategic direction to drive renewable packaging solutions in Europe.\u201c<\/p>

Annica Bresky<\/strong>President and CEO of Stora Enso<\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The turnover of the De Jong Packaging Group is estimated at around EUR 1 billion for the full year 2022. The acquisition is expected to have a positive impact on earnings from the first year onwards. The acquisition will be financed through existing liquidity and bilateral credit agreements. Stora Enso's net debt to operating EBITDA ratio will increase from 0.4 to 1.4. The Transaction expected to be finalised in early 2023<\/strong>, subject to employee consultation and the approval of the supervisory authorities.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201eWe are very excited about this acquisition. With our shared focus on agility and customer value and the excellent teams in both companies, we will create a strong platform for future growth. De Jong Packaging Group has a solid history of growth in corrugated packaging which, combined with our expertise in innovative design, digital solutions and sustainability services, will enable us to strengthen our offering.\u201c<\/p>

David Ekberg<\/strong>, EVP Packaging Solutions Division at Stora Enso<\/p><\/blockquote>

Source:\u00a0<\/em>Stora Enso<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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More news about cardboard packaging<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tStora Enso's Pulp Mill Receives Food Safety Certification\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tStora Enso's Oulu mill is the first pulp mill in Finland to receive FSSC 22000 food safety certification. This strengthens customer confidence in packaging materials.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tVPK Group fully acquires Fencor Packaging Group\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tAfter acquiring a minority stake in 2024, the Belgian packaging group now holds 100 percent of the shares.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tIP acquires recycled paper manufacturer Norpac\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tIn particular, the demand for lightweight, high-performance packaging papers is expected to be better met as a result.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tBVDM calls for EUDR improvements for packaging\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tIn the association's view, packaging manufacturers require clear guidelines on which obligations they themselves must fulfil and which responsibilities lie with their customers.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tCold Chain Technologies brings EcoFlex to Europe\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tCold Chain Technologies is expanding its EcoFlex shipping solutions into Europe. The sustainable, reusable packaging is optimised for temperature-controlled shipments and supports customers' ESG goals.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tMarket Fit Compass analyses the market success of a paper portfolio.\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
\n\t\t\tThe Market Fit Compass from One.five analyses market, material, and machine data to predict the market success of a paper portfolio. The tool supports companies such as Gr\u00fcnperga and Starkraft in their transition to plastic-free alternatives.\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \"\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"Stora Enso has acquired the De Jong Packaging Group in order to expand its market share of renewable packaging in Europe.","protected":false},"author":1,"featured_media":68460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"__cvm_playback_settings":[],"__cvm_video_id":"","rank_math_description":"Um den Marktanteil an erneuerbaren Verpackungen in Europa auszubauen, hat Stora Enso die De Jong Packaging Group erworben.","rank_math_focus_keyword":"Stora Enso,De Jong Packaging Group","rank_math_title":"","_earpaper_enabled":false,"_earpaper_voice_id":"","_earpaper_audio_url":"","_earpaper_audio_id":"","_earpaper_article_id":"","_earpaper_status":"","_earpaper_error":"","_earpaper_duration":0,"_earpaper_generated_at":"","csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[114],"tags":[43,59846,59142,32,1487,58747],"class_list":["post-68456","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aus-den-unternehmen-news","tag-aus-den-unternehmen","tag-de-jong-packaging-group","tag-news-express","tag-packmittel-und-packstoffe","tag-papier-pappe-karton","tag-stora-enso","cs-entry","cs-video-wrap"],"acf":[],"vimeo_video":null,"_links":{"self":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts\/68456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/comments?post=68456"}],"version-history":[{"count":0,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/posts\/68456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/media\/68460"}],"wp:attachment":[{"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/media?parent=68456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/categories?post=68456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/packaging-journal.de\/en\/wp-json\/wp\/v2\/tags?post=68456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}