VPK Invests in CorrBoard UK
- Published: October 19, 2017
STAFFORDSHIRE, UK | Swanline Print Group announces that VPK Packaging Group NV (VPK), Aalst, Belgium, has invested in CorrBoard UK, the consortium-based corrugated sheet feeder located in Scunthorpe, North Lincolnshire. Swanline Print is a partner in CorrBoard which was established in 2014 by a consortium of prominent corrugated sheet plants to supply quality corrugated materials for their own manufacturing purposes.
As part of the investment, VPK has acquired a 30% stake in CorrBoard that was previously held by Corrugated Synergies International, as well as capital increase. It is expected that the investment will reinforce the organization’s operational and commercial success, with plans to advance the current sheet production volume.
Nick Kirby, CEO of Swanline Print Group, says, “Swanline is pleased to welcome VPK to CorrBoard and to see such healthy investment being made in UK manufacturing. The packaging industry is vital to the country’s economy and employment, so it is exciting to see this backing for CorrBoard UK.”
Swanline Print is a trade supplier of specialist printed packaging and point-of-sale displays. VPK operates a network of paper-based packaging facilities across Europe, the US, and Turkey.
