German paper and board packaging manufacturer The Edelmann Group has entered an agreement to buy a 100% stake in Elanders Beijing Printing from Swedish printing company Elanders Group.
The deal allows the company to gain access to the production of packaging solutions such as folding cartons and rigid boxes for beauty care and consumer brands markets in China.
In a statement, Elanders noted that it aims to create a common platform to offer solutions in supply chain management, including packaging, kitting, fulfilment and warehousing.
Edelmann Group CEO Oliver Bruns said: “The acquisition of a second site in China is tremendously important for the Edelmann Group, as it creates a new hub for beauty care and consumer brands markets that we previously could not serve in this area.
“This new site strongly complements our global network and we are eager to see the new opportunities that are on the horizon.”
Edelmann currently serves the healthcare segment through its existing production facility in Beijing. The transfer of Elanders Beijing operations in print and packaging solutions to Edelmann will increase its network to 21 sites.
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The transaction is expected to close before the end of this fourth quarter.
Bruns added: “We look forward to welcoming the new employees to our global team and are confident about a strong start and successful continuous growth.”
Edelmann develops and manufactures folding cartons, leaflets, rigid boxes, combi cartons, wet labels and corrugated boxes.
It currently operates the production plants across Germany, France, Poland, Hungary, Mexico, China, Brazil, India, and the US.