Van Genechten Packaging has acquired the remaining 50% of AS VG Kvadra Pak, solidifying its ownership of the leading Baltic folding carton packaging company.
Target Information
AS VG Kvadra Pak is recognized as the leading folding carton packaging company in the Baltic region. With over 15 years of operational history, the company is headquartered in Riga, Latvia, and specializes in producing high-quality packaging solutions. Their product range caters to various sectors, including confectionery, food, and non-food segments, resulting in the production of over 5,000 tons of packaging materials annually.
Since the initial acquisition of a 50% stake by Van Genechten Packaging in 2010, AS VG Kvadra Pak has showcased significant growth, with a reported turnover exceeding 9 million EUR in 2011. This indicates a robust annual growth rate of over 30% for the subsequent two years, with 2012 projections estimating turnover to surpass 11 million EUR.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Latvia
The packaging industry in Latvia has shown considerable growth due to increasing demand from various sectors. The expanding food and beverage industry, coupled with the rise in e-commerce, necessitates
Similar Deals
Inter IKEA Group → Portfolio of approximately 24,000 hectares of forest assets
2025
Van Genechten Packaging
invested in
AS VG Kvadra Pak
in 2012
in a Buyout deal
Disclosed details
Revenue: $11M