VPK Group Buys Majority Stake in Corrugated Packaging Company Zetacarton in Italy
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VPK Group has entered into an agreement to acquire a majority stake in Zetacarton, an Italian corrugated cardboard company based near Como. With this new step, VPK Group is setting foot in Italy for the first time.
Zetacarton, an Italian company led by the Zanfrini family, is a leading producer of corrugated board packaging including special niche products such as fanfold and big-box packaging.
Serena and Giuseppe Zanfrini will continue to lead the company, as they have done successfully in most recent years.
With their product offering of printed fanfold — a technology that makes it possible to produce tailored packaging, eliminating void fill and reducing logistics costs — Zetacarton complements VPK Group's fit2size® offering. This further expands the Group's geographical coverage for fanfold and enables it to serve e-commerce logistics distribution centres across Europe.
VPK noted that Zetacarton recently invested in a new digital single pass printer, further expanding its product offering.
"The new high speed printing unit works with water-based pigment inks. This high-end printing machine allows quick switching between short print jobs and delivers superior printing accuracy. The machine forms the centrepiece of a high-productivity digital pole," VPK said in a press release.
In 2022, Zetacarton produced 106 million m2 of cardboard at its plant and generated 75 million euros in revenue, VPK said.
The acquisition is in line with VPK Group's long-term vision and strategy to focus on sustainable growth and further expand its vertically integrated value-added business model across Europe, VPK added.
