Stora Enso is to acquire De Jong Packaging Group, based in the Netherlands. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.
Completion of the transaction is expected at the beginning of 2023, subject to employee consultation and regulatory approval. De Brauw acted as lead counsel for the founder of De Jong Packaging Group.