Food & Beverage Asia April/May 2022

NEWS 11
Acquisition of Naturepak Beverage expands Elopak's footprint
into MENA
Elopak has completed its acquisition of
Naturepak Beverage from Naturepak, a whollyowned
subsidiary of Gulf Industrial Group,
and Evergreen Packaging International, a
wholly-owned subsidiary of Pactiv Evergreen.
The acquisition of Naturepak, a provider of
fresh liquid carton and packaging systems
in the MENA region, sees the addition of
local production facilities in Morocco and
Saudi Arabia to Elopak’s extensive existing
global network, which already encompasses
customers across 70 countries. At the same
time, it boosts annual production capacity
by more than 2.5 billion cartons, supporting
the company’s ambition to meet the
growing demand for sustainable packaging
solutions. The acquisition will also provide
access to a strategic customer base in the
fresh beverage carton segment in key growth
markets, many of whom are global blue chip
FMCG players and strong regional champions.
The acquisition marks a key milestone in
Elopak’s growth strategy. Having listed on the
Oslo stock exchange in 2021, the company is
seeking to capitalise on its strong track record,
growing geographical footprint and investment
in sustainability-focused innovations to target
organic growth of 2-3% per annum. It is pursuing
new business opportunities across both
traditional and non-traditional segments, as
well as driving the plastic to carton conversion.
“Going forward we are excited to share our
sustainable packaging solutions with Naturepak
Beverage’s client base and work hand-inhand
with them to find ways to reduce their
carbon footprint and empower consumers
to make environmentally conscious choices,”
said Thomas Körmendi, CEO of Elopak.
“As we strengthen our presence in the region,
we continue to bring new products to market
that provide natural and convenient alternatives
to plastic bottles that fit within a low carbon
circular economy. We are ready to leverage
our expertise, market-leading technology
and skills to grow our presence in the region
across products, segments and markets.” ■
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FOOD & BEVERAGE ASIA APRIL / MAY 2022