With the acquisition of Arteche Paper, Corex further expands its geographical footprint with a coreboard mill in Porto and five converting plants in Porto, Tolosa, Valencia and Barcelona. The integration creates a strategic, geographical axis for supplying renewable raw materials from Corex's coreboard mill in Finland through Belgium to southern France and Portugal. With the acquisition of Arteche, Corex's network now includes four paper mills and 29 processing sites.
Denis Zenner, CEO of Corex: "Now that the acquisition has been completed, we are eager to start the next chapter together with Arteche. A solid foundation of trust has been established over the past months that will only benefit Arteche's further integration within the Corex Group. We are highly motivatedto work together and further strengthen our position as an integrated and reliable supplier in the Iberian market."
Corex, part of VPK Group, is a leading manufacturer of coreboard and cores in Europe and China. The company operates 4 coreboard mills with a combined capacity of 350,000 tonnes and 29 core and tube winding plants for winding paper, foil, textiles and metal. In addition, Corex produces composite cans used for packaging food, cosmetics and spirits. Corex employs 1,500 people and generates a turnover of €450 million. More information about our activities on www.corexgroup.com.
The Belgian private VPK Group produces recycled paper, corrugated cardboard packaging, solid board packaging and cores. In addition to VPK Packaging and Corex, VPK Group’s overall brand portfolio includes Smart Packaging Solutions for the production of solid board packaging and Aquila for the production of corrugated board sheets. Employing over 6,500 people across 70 locations in 20 countries, the group records a turnover of €2.1 billion. More information about our activities on www.vpkgroup.com.
Contact details
Denis Zenner, CEO of Corex - denis.zenner@vpkgroup.com
Stephanie De Smedt, Marketing Partner - stephanie.de.smedt@vpkgroup.com
Mar 27, 2023
