CARTONPACK Group, a provider of multi-material food packaging, has completed the acquisition of a majority stake in FIMAT, a producer of cardboard packaging for food end markets.
FIMAT will expand the group’s portfolio of fibre-based packaging solutions as well as its industrial footprint in northern Italy, where the business is said to have exhibited strong growth, fostering a presence in the French and German markets. FIMAT will continue to be run by the Fornaroli family.
For Cartonpack Group, the move has been hailed as a further development that ‘enriches’ the portfolio of companies, consolidating its expansion in the European food packaging market after a series of acquisitions started in 2020.
By uniting their manufacturing and commercial resources alongside technical expertise, the businesses said they are set to ‘redefine’ packaging solutions specifically focused both on the fruit and vegetable and the food sectors.
