Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022. Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023.
https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2022/12/stora-enso-received-approval-for-the-acquisition-of-de-jong-packaging-group
Related Posts
CANPACK Group announced that CANPACK S.A. plans to merge with Giorgi International Holdings S.A. R.L. in Luxemburg, which is currently a direct shareholder of CANPACK S.A. The merger is planned to be executed until the end of 2024 through absorption of Giorgi International Holdings S.A. R.L. by CANPACK S.A. The purpose of the merger is simplification of the internal corporate and shareholding structure – as a consequence of the merger, CANPACK Group Inc. with a seat in the United States of America, will become a direct shareholder of CANPACK S.A.
Mondi has opened a new ISTA-certified laboratory at Mondi Bupak in České Budějovice (CZ), which is one of its Central European corrugated solutions flagship plants and a hub for development and production of eCommerce packaging. The laboratory offers various transport performance tests, including ISTA 6 certification testing for packaging. In addition, Mondi’s laboratory is an approved member of the Amazon Packaging Support and Supplier Network (APASS) and hence a partner of choice for testing Amazon’s Tier 1-3 compliant packaging (FFP, SIOC and PFP)(1), which is a market standard of the online retailer for reducing packaging volume in eCommerce logistics.
HEINZEL GROUP has made the difficult decision to close its subsidiary, Raubling Papier GmbH, in Germany, due to persistently difficult market conditions and challenging economic circumstances. This decision follows comprehensive discussions with the local works council, resulting in a successfully concluded social plan. More than half of the affected employees have already secured new employment, reflecting the effectiveness of the company’s transition support efforts. With the closure process now focused on the sale of assets, HEINZEL GROUP is moving forward with the disposition of machinery and equipment. Andreas Sailer, CEO of Raubling Papier, stated: "We are encouraged by the rapid transition of many of our employees to new positions and are now concentrating on the sale of Raubling Papier's assets. This includes a range of high-quality machinery and equipment. Interested parties are invited to engage with us promptly as we navigate this phase."