SÜDPACK to Acquire LPF Flexible Packaging B.V.

SÜDPACK announced it was acquiring LPF Flexible Packaging B.V. (“LPF”) from the Clondalkin Group. The company, located in Grootegast, the Netherlands, is a manufacturer of high barrier films for sensitive products. LPF was founded in 1907 and has long-standing experience in the development and production of packaging materials. For SÜDPACK, the acquisition is a further key element in its long-term growth strategy.

LPF’s key competencies include the development and production of printed and unprinted duplex and triplex packaging laminates, which provide the highest product protection and prolonged shelf life for the most demanding applications. LPF mainly serves the packaging markets for food, pharmaceutical and technical products.

In addition to extensive product and industry expertise, LPF has extensive R&D and business development resources to support its strategy. Moreover, the company has a high quality base of machinery and infrastructure and is well-invested and supported by a highly skilled technical department.

“We value LPF’s high level of development and market competence and plan to establish the site in Grootegast as a Competence Center for high performance laminates over the long term within the SÜDPACK Group. In doing so, we want to further expand SÜDPACK’s expertise and performance portfolio in the development and production of laminates for various applications in order to serve attractive emerging markets and tap into new markets.” explained Erik Bouts, CEO of SÜDPACK.

Continuity of LPF’s operations post-transaction is secured and its workforce will become part of SÜDPACK. Furthermore, LPF’s customer care will be carried on by the existing sales organization and gradually advance the cultivation of new markets.