Envases Europe A/S acquire Huber Group
Envases Europe A/S has announced that it has entered into an agreement to acquire German metal and plastic packaging manufacturer Huber Packaging Group.
The acquisition, which is subject to review by the competition authorities, is expected to close during the first quarter of 2021.
Huber Packaging Group operates sites in Germany, the United Kingdom, Switzerland, Austria and Hungary.
Envases Europe A/S, a subsidiary of global consumer packaging company Envases group, employs 1,100 people in Europe with production facilities located in Denmark, Sweden and Holland with export to customers in more than 30 countries.
Adding Huber Group with 900 employees and six production sites will enlarge Envases Europe to employ 2,000 people and operate 13 production sites across Europe.
Commenting on the transaction, Envases Europe A/S Chief Executive Officer Brian Nielsen said: “We are excited about the acquisition of Huber Packaging Group, as it will build upon Envases Europe A/S existing position in the European food segments and substantially increase our presence in Europe within the general line segments.”
CEO of Huber Group Martin Lüer added: “We are very pleased with the acquisition and becoming a part of a strong family owned company.
“Under the umbrella of Envases Group, we see opportunities for a successful development of Huber Packaging. It will give us important drive for a successful future and to serve our customers even better.”
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