Six months after the acquisition of Peterson by VPK Packaging Group, Klingele and VPK have announced that they will join forces to continue investing in the Scandinavian business unit. A business and investment plan has been launched to strengthen its market position. Going forwards, Klingele will participate in this Nordic market expansion. The partnership between both manufacturers is a continuation of an existing and successful European collaboration.
In October 2016, the Scandinavian packaging group Peterson was acquired by VPK Packaging Group from its previous owner, Pemco. The Peterson group’s 800 employees manufacture corrugated cardboard packaging in six sites in Norway, Sweden and Denmark, achieving a total turnover of EUR 160 million.
Three production sites are located in Norway (two in Sarpsborg and one in Sykkylven), two in Sweden (Bäckefors and Norrköping) and one in Denmark (Randers), equalling a total production capacity of 350 million square meters. The group is the market leader in Norway, and has a strong presence in Denmark and Sweden.
To guarantee future growth in the Nordic market, an extensive investment plan has been launched in all three countries. This master plan, in which Klingele now participates through a 26% shareholding, will focus on quality certification, product innovation and productivity increase. With support from two dynamic and experienced packaging manufacturers, Peterson aims to further capitalise on the potential of the burgeoning Scandinavian market to strengthen its market position. Klingele and VPK will be extending an existing and fruitful partnership with this project.