VPK Group has enhanced its operations in Italy with the acquisition of Open Imballaggi, a manufacturer of corrugated cardboard packaging located near Bergamo in Lombardy.
The move is in line with VPK’s broader objectives to expand its international reach and improve its operational capabilities.
The addition of Open Imballaggi’s location complements VPK’s existing operations, which include Zetacarton and IEMME.
Founded by the Marsetti family, Open Imballaggi has its history dating back to 1908. Throughout the years, the company has undergone growth and transformation, culminating in its formal establishment by Guido Marsetti in 1988.
The company now operates from a 22,000m² facility in Calcinate.
This facility recently saw a €7m ($7.9m) investment in its machinery, including a new six-colour rotary die cutter.
With an annual revenue of €30m, Open Imballaggi has a production capacity of 40 million square metres of packaging.
The company serves a clientele of 700 customers in industries such as food and beverage, cosmetics, e-commerce, and automotive, and employs roughly 70 people.
VPK Group stated that it intends to preserve Open Imballaggi’s family-oriented culture while continuing to prioritise customer relationships, innovation, and sustainability.
Through this acquisition, VPK Group aims to advance its long-term growth strategy, strengthening its vertically integrated business model in the paper and board packaging sector.
VPK Group CEO Pierre Macharis said: “The acquisition of Open Imballaggi aligns perfectly with our strategy to strengthen our presence in key European markets.
“Their strong reputation for quality and service complements our existing Italian operations, and we are excited to welcome their experienced team into the VPK family.”
Last December, Scottish paper packaging manufacturer McLaren Packaging announced a new joint venture (JV) with VPK Packaging UK & Ireland, a part of VPK Group, to create a 50/50 business partnership.
The JV venture, named McLaren Corrugate, brought together McLaren’s production facilities in Port Glasgow with VPK’s site in East Kilbride, both in Scotland.
