PACCOR has successfully acquired Miko Pac, aiming to enhance its growth strategy and market presence in the sustainable packaging industry.

Target Information

PACCOR has successfully completed the acquisition of Miko Pac, as announced in their prior release dated March 31, 2021. The transaction was officially closed on June 1, 2021. PACCOR’s acquisition aligns with its ongoing growth strategy and commitment to enhancing its market presence in the packaging industry. Miko Pac, with a substantial track record in plastics packaging, now joins forces with PACCOR to leverage their combined strengths.

Andreas Schütte, CEO of PACCOR, expressed enthusiasm for completing the acquisition, seeing it as a vital step in executing their growth plans. Miko Pac’s leadership, including Managing Director Kristof Michielsen, echoed this sentiment, expressing eagerness to contribute to the joint venture's success. Additionally, Karl Hermans, another Managing Director at Miko Pac, emphasized gratitude towards PACCOR for their faith in the company's potential and the promising collaboration ahead.

Industry Overview in Belgium

The plastic packaging sector in Belgium remains robust, driven by increasing demand for innovative and sustainable solutions that address environmental concerns. Belgium holds a significant position in the European packagin