Hinojosa Packaging Group has acquired Italy-based paper and corrugated cardboard packaging producer MS Packaging to expand its global presence.<\/p>\n\n\n\n
The financial terms of the deal were not disclosed.<\/p>\n\n\n\n
MS Packaging is a family-run business that mainly serves the food and beverage industry. The company has a paper mill and packaging factory and had earned \u20ac60m in revenue in 2023.<\/p>\n\n\n\n
Its acquisition gives two plants in Salerno and Arzano to Hinojosa.<\/p>\n\n\n\n
The deal also marks the company\u2019s entry into Italy, which is considered to be one of the prominent markets for paper and cardboard in Europe.<\/p>\n\n\n\n
MS Packaging\u2019s workforce of nearly 200 people will retain their roles under the Spain-based Hinojosa.<\/p>\n\n\n\n
According to Hinojosa, the company and MS Packaging share the same philosophy, which is based on innovation, cutting-edge technology, sustainability, and closeness to the client.<\/p>\n\n\n\n
Following the acquisition of MS Packaging, the company now employs nearly 2,900 people across 24 production facilities spread across Spain, Portugal, France, and Italy.<\/p>\n\n\n\n
The deal aligns with the implentation of Hinojosa\u2019s new 2024\u20132026 strategic plan.<\/p>\n\n\n\n
It also signifies a new phase for the company, focusing on international expansion, enhancing its inventory of sustainable packaging, and proactively addressing market dynamics and customer demands.<\/p>\n\n\n\n
The group\u2019s global expansion was strengthened with the purchase of a 49% stake in France-based ASV Packaging in 2023.<\/p>\n\n\n\n
ASV Packaging is engaged in designing and producing sustainable packaging solutions, mainly boxes for the food and beverage sector.<\/p>\n\n\n\n
The deal with the French firm helped Hinojosa to increase its market share in France and enhance the goods and services it provides to its clients in Europe.<\/p>\n\n\n\n
Hinojosa stated: \u201cThe presence of plants in France, along with those in Portugal and Spain, has led to a growth that has also resulted in a 10% increase in the workforce across its network of work centres.\u201d<\/p>\n\n\n\n
Last year, the Spanish packaging group introduced Foodservice, which is a new line of 100% recyclable and environmentally neutral primary packaging for beverages and prepared foods.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hinojosa Packaging Group has acquired Italy-based paper and corrugated cardboard packaging producer MS Packaging to expand its global presence. The financial terms of the deal were not disclosed. MS Packaging is a family-run business that mainly serves the food and beverage industry. The company has a paper mill and packaging factory and had earned \u20ac60m<\/p>\n","protected":false},"author":1,"featured_media":13188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[369],"class_list":{"0":"post-13187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corrugated-folding-carton","8":"tag-hinojosa-packaging-group"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/13187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=13187"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/13187\/revisions"}],"predecessor-version":[{"id":13189,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/13187\/revisions\/13189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/13188"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=13187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=13187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=13187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}