Weekly

Van Genechten Packaging acquires Polish folding box producer Dot2Dot

23 July 2024

Belgian folding box manufacturer Van Genechten Packaging (VGP) has purchased all shares in the Polish folding box producer Dot2Dot Group. The Polish packaging company specialises in premium packaging for the beauty, confectionery, personal and health care, and premium spirits sectors.

Its solid customer base and existing production capacity made Dot2Dot a ”perfect” partner for its growth strategy, Van Genechten Packaging said in its statement on 17 July. The transaction is still subject to anti-monopoly approval. The companies did not provide any details of the sums involved.

Dot2Dot operates two plants in Gdansk and Warsaw and generates full-year revenues of more than €50m. The current company was established when three Polish packaging companies – Graf-Poz, Druk Markuszewscy and Drukpol – merged and, until recently, was owned by Polish investment company Abris Capital Partners.

Van Genechten Packaging produces folding boxes for the consumer goods industry and offset-laminated corrugated board at 12 locations in nine countries. It also operates an extrusion site and a design and production centre for rigid boxes. According to the latest figures, the Belgian company, which employs around 1,800 people, generates annual revenues of approximately €450m.

Source: Euwid