Pulp Mill Holding acquired Russian Europack company
Pulp Mill Holding, informed that the Group of companies has signed an agreement to acquire a 100% stake in the Russian corrugated packaging company Europack, based in Voronezh. The amount of the transaction was not disclosed.
At the moment, the plant of the Group of companies is in the final stage of construction and commissioning. Irina Galakhova, executive director – head of the corrugated packaging business of Arkhbum JSC, explained that the Voronezh plant will be equipped with high-tech equipment manufactured in Europe and Japan, which will allow produce the highest quality products in accordance with the standards adopted by Arkhbum JSC.
Irina Galakhova said that to the end of 2018 Europack plant will be commissioned and will begin to produce products. The plant will manufacture products similar to those at Arkhbum’s Podolsk and Istra sites, including double and triple wall corrugated board and corrugated packaging.