{"id":4420,"date":"2024-12-17T08:44:20","date_gmt":"2024-12-17T13:44:20","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4420"},"modified":"2024-12-17T08:44:20","modified_gmt":"2024-12-17T13:44:20","slug":"cartonpack-acquires-stake-in-cardboard-packaging-provider-fimat","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4420","title":{"rendered":"Cartonpack acquires stake in cardboard packaging provider FIMAT"},"content":{"rendered":"


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Cartonpack utilises recycled and recyclable materials. Credit: DONOT6_STUDIO via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Italian company Cartonpack Group, a provider of multimaterial food packaging solutions, has completed the acquisition of a majority stake in FIMAT, a producer of cardboard packaging for the food industry.<\/p>\n

The deal aims to enhance Cartonpack\u2019s fibre-based packaging offerings and strengthen its industrial presence in Northern Italy, as well as in the French and German markets.<\/p>\n

Located in Boffalora sopra Ticino, Italy, FIMAT will continue to operate under the leadership of the Fornaroli family, ensuring the maintenance of its high product quality and service standards.<\/p>\n

The acquisition is part of Cartonpack Group\u2019s broader strategy to consolidate its position in the European food packaging market, a plan that has been in motion since 2020 and has led to a projected 2024 pro forma turnover of \u20ac200m ($209m).<\/p>\n

By combining their manufacturing and commercial capabilities with deep technical knowledge, the companies are poised to offer innovative packaging solutions, particularly for the fruit and vegetable sector.<\/p>\n

These efforts are anticipated to meet the dynamic needs of the market with both consistency and efficiency.<\/p>\n

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