Hinojosa Packaging Group, a leading player in the packaging industry, has further solidified its international presence with the recent acquisition of Italy’s MS Packaging.
This move marks Hinojosa’s entry into the Italian market, known as one of the most significant sectors for paper and cardboard in Europe.
A family-run business with strong presence
MS Packaging, a family-owned group, specialises in the production and distribution of paper and corrugated cardboard packaging.
The company, which includes a paper mill and a box factory, holds a prominent position in the food and beverage packaging sector.
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By GlobalDataWith a turnover of €60m ($65.44m) in 2023 and a workforce of approximately 200 employees, MS Packaging has demonstrated its stability and relevance in the industry.
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Strategic expansion and sustainability commitment
Aligned with its strategic vision, Hinojosa Packaging Group’s acquisition of MS Packaging reinforces its commitment to offering a diverse range of products while prioritising innovation, technology, sustainability, and customer-centric approaches.
With this acquisition, Hinojosa now boasts a workforce of 2,900 employees and operates 24 production facilities across Spain, Portugal, France, and Italy.
Focused growth and environmental initiatives
The acquisition of MS Packaging comes in tandem with Hinojosa’s launch of its new strategic plan for 2024-26.
This plan underscores the company’s focus on internationalisation as a means to expand its sustainable packaging offerings and remain responsive to evolving industry trends and customer needs.
Despite a slight decrease in turnover to €739m in 2023, Hinojosa remains steadfast in its pursuit of decarbonisation and innovation.
Notably, the company has reduced its carbon footprint by 22% compared to the previous year, demonstrating its commitment to environmental stewardship.
Additionally, Hinojosa continues to innovate its product offerings, exemplified by the launch of Foodservice – a line of recyclable containers tailored to meet the growing demand for environmentally friendly solutions in the food and beverage industry.
Hinojosa Packaging Group’s acquisition of MS Packaging underscores its strategic vision for sustainable growth and expanded market presence, further solidifying its position as a key player in the global packaging industry.
