Billerud has invested 30% in PACCESS Packaging to enhance its customer-driven and sustainable packaging solutions in the growing Asian market.

Target Company Information

Billerud has entered into an agreement to acquire a 30% stake in PACCESS Packaging, a division of PACCESS LLC. PACCESS Packaging specializes in the design and development of packaging solutions for production and delivery within the Asian market. With a customer base comprising leading multinational brand owners and retailers, the company focuses on enhancing brand visibility and optimizing product movement within supply chains. PACCESS Packaging offers a diverse array of value-added services aimed at delivering cost-effective and timely retail and transport packaging solutions across several key industry sectors. The firm operates in major export countries in Asia and currently employs approximately 60 staff while generating sales of around $27 million USD.

Industry Overview

The packaging industry in Asia has been experiencing robust growth, driven by increased consumer demand and a shift towards e-commerce. As the region becomes a global manufacturing hub, the need for innovative and sustainable packaging solutions that cater to various product types has surged. Companies within the sector are adapting to changing consumer preferences and leveraging technology to enhance production efficiency and packaging effectiveness.

Moreover, the growing emphasis on sustainability has prompted significant investment in renewable materials across the packaging industry. Brand owners are seeking packaging solutions that no