Sustainable and protective packaging solution provider VPK Group has signed an agreement to acquire a majority stake in Italian corrugated cardboard company Zetacarton.
Based close to the city of Como in Northern Italy, Zetacarton manufactures corrugated board niche products such as fanfold and big-box packaging, among others.
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The company’s plant employs 110 people and produced 106 million square metres of cardboard and €75m in revenue in 2022.
Zetacarton, which is led by the Zanfrini family, recently purchased a new digital single-pass printer that works with water-based pigment inks.
This high-end printing machine expedites switching between short print jobs while delivering superior printing accuracy.
The acquisition marks VPK’s entry into the Italian market.
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By GlobalDataThis is part of VPK’s growth strategy to focus on and scale up its vertically integrated business model in Europe.
Zetacarton’s printed fanfold technology is expected to complement and expand the geographic coverage of VPK’s fit2size offering.
Fanfold technology produces personalised packaging while eliminating void fill and reducing logistics costs.
This will enable VPK to serve e-commerce logistics distribution centres across Europe.
VPK, in a statement, said the Zetacarton transaction emphasises its hopes in fanfold solutions.
Upon completion of the deal, Serena and Giuseppe Zanfrini will continue to lead Zetacarton.
The financial terms of the transaction have not been disclosed.
