{"id":10513,"date":"2025-11-26T05:15:53","date_gmt":"2025-11-26T10:15:53","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=10513"},"modified":"2025-11-26T05:15:53","modified_gmt":"2025-11-26T10:15:53","slug":"palm-group-picks-50-stake-in-czech-company-power-packaging","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=10513","title":{"rendered":"Palm Group picks 50% stake in\u00a0Czech company Power Packaging\u00a0"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n \n <\/picture>
The collaboration combines Power Packaging\u2019s know-how with Palm\u2019s sales and production network. Credit: Siwakorn1933 \/ Shutterstock.com <\/figcaption><\/figure>\n<\/p><\/div>\n

German paper and packaging company Palm Group has taken a 50% interest in Power Packaging, which is based in the Czech Republic.\u00a0<\/p>\n

According to Palm, the move is intended to broaden its packaging division\u2019s capabilities in tailored corrugated solutions, particularly in product areas that require significant manual input.\u00a0\u00a0<\/p>\n

\n
\n
\"\"\/<\/figure>\n

Discover B2B Marketing That Performs <\/h4>\n

\n\t\t\t\t\t\tCombine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.\n\t\t\t\t\t<\/p>\n


\n\t\t\t\t\t\t\tFind out more <\/svg><\/span><\/a><\/p>\n<\/section>\n<\/div>\n

The collaboration is designed to bring together Power Packaging\u2019s know-how with Palm\u2019s sales channels and production network in packaging.\u00a0<\/p>\n

Power Packaging managing director Ralph Wakolbinger stated: \u201cBy partnering with Palm, we have gained a strategically important partner who shares our goals and supports us in successfully developing major international projects, including those in the east. Through close collaboration, we create new synergies, strengthen our market position and set important impulses for sustainable growth.\u201d\u00a0\u00a0<\/p>\n

Power Packaging operates a processing facility in N\u00fdrsko, in the western Czech Republic, focused on complex corrugated cardboard packaging.\u00a0\u00a0<\/p>\n

The company reports annual revenue of \u20ac4m ($4.63m).\u00a0<\/p>\n

Palm\u2019s entry as a shareholder is described as a way to keep Power Packaging under family ownership over the longer term, with both parties citing a shared \u201cmindset and business principles\u201d.\u00a0<\/p>\n

Power Packaging is expected to continue operating under its current organisational set-up and retain its existing management team.\u00a0<\/p>\n

Palm CEO Marina Palm added: \u201cThrough this joint venture, we are strengthening our position in the European market for complex packaging solutions and will be able to offer our customers an even broader product range in future.\u201d\u00a0\u00a0<\/p>\n

During 025, Palm Group has completed<\/a> the acquisition of five European plants from International Paper.\u00a0\u00a0\u00a0<\/p>\n

The deal added facilities in France, Portugal and Spain to the group\u2019s operational network.\u00a0<\/p>\n

The divestiture by International Paper forms part of the regulatory commitments required by the European Commission following International Paper\u2019s acquisition of DS Smith.\u00a0\u00a0<\/p>\n

<\/p>\n

<\/p>\n

\n