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November 6, 2020updated 09 Nov 2020 11:49am

UFP Industries makes equity investment in Enwrap Logistic & Packaging

UFP Industries has made an undisclosed equity investment in Italy-based Enwrap Logistic & Packaging to boost its international industrial packaging presence.

UFP Industries has made an undisclosed equity investment in Italy-based Enwrap Logistic & Packaging to boost its international industrial packaging presence.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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UFP Industries, which is headquartered in the US, made the investment through its associates UFP Global Holdings.

Formally named as Job Service, the newly formed company will offer high-value, mixed material industrial packaging and logistics services.

Headquartered in Milan, Enwrap generated approximately $14m in sales last year across its eight locations in Italy.

UFP international operations executive vice president Dick McBride said: “The Enwrap team is the type of partner we have been seeking to establish our presence in Europe.

“Their strength in design, manufacturing and logistics will provide us with the platform we need to expand throughout the continent. In addition, their passion and work ethic are an important cultural match with UFP Industries. We look forward to our future growth together.”

Following the investment, Job Service president and managing director Luigi Postiglione will lead the newly formed joint venture.

“We are very excited to have such a strong and experienced partner in UFP Industries. UFP has a clear motivation to grow its global packaging business, and we share the same passion. Enwrap combines UFP’s global resources with our custom product range and access to markets, offering new capabilities to customers throughout Europe and the Middle East,” Postiglione added.

With this investment, UFP Global will be able to serve customers in Central and Southern Europe.

UFP Industries supplies wood, wood composite and other products to retail, construction and industrial sectors.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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