Green Bay Packaging Inc. (GBP) announced they will begin construction of a new 600,000 square foot corrugator plant in Fort Worth, Texas. Construction on the site is set to begin in the first quarter of 2022 and startup operation is scheduled for the second quarter of 2023. The new “super-plant” will be replacing GBP’s current 200,000 square foot corrugator plant in Fort Worth. GBP has operated a plant in Fort Worth for over 50 years. The new plant will be equipped with a new 110” Fosber corrugator and all new state-of-the-art high-speed flexo folder gluers and rotary die cutters.
On December 30, Trioworld Group signed an agreement to acquire the German company Wentus GmbH (Wentus), a leading player in solutions for high-performance food-, consumer- and hygiene packaging, from Egeria Group.
“We are very pleased and excited to welcome Wentus into the Trioworld group. The acquisition will give us the opportunity to grow an even stronger position in the market for advanced food-, consumer- and hygiene packaging, in Europe and in North America. Wentus has a proven track record of supplying the market with premium products and superior support, to maximize value for customers. “We have great confidence in the capabilities of the Wentus organization and management and look forward to joining forces and continuing the successful journey” says Andreas Malmberg, CEO of the Trioworld Group.
“We are very pleased to have found a partner in Trioworld that is a perfect fit for us and whose product portfolio is ideally complemented by Wentus. We are looking forward to working with a professional and ambitious team that we have already had the opportunity to get to know intensively during the sales process and whose management culture suits us well” says Mr. Christof Renz, Managing Director of Wentus. “Both parties bring strong product portfolios to the market, with unrivalled service and competence. Together we will be able to create more value for our customers,” continues Mr. Renz.
The transaction is subject to customary regulatory requirements and approvals. The Trioworld Group will, after the transaction is completed, own 100% of the shares.