New takeover in Italy Spanish packaging specialist Hinojosa Packaging Group has announced it is expanding the company’s international presence with the acquisition of Italian company MS Packaging.
“With the addition of the two plants located in the towns of Salerno and Arzano, Hinojosa has entered the Italian market, one of the largest in the paper and cardboard sector in Europe,” the business said in a statement.
MS Packaging is an Italian family business focused on making and selling paper and corrugated cardboard packaging.
“Comprising a packaging factory and a paper mill and boasting a strong presence in the food and beverage market, the company had a turnover of 60 million euros in 2023. Its entire workforce of about 200 employees will retain their jobs under Hinojosa,” according to the statement.
The value of the deal was not disclosed.