# Antalis signs binding agreement to acquire Pakella in the Baltics

French packaging distributor Antalis signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer in Latvia, Lithuania and Estonia with EUR 15 million turnover in 2023. The deal is subject to approval by the Latvian competition authority.

- Type: Acquisition
- Announced: 2024-05-21
- Where: Latvia, Lithuania and Estonia, Latvia
- Status: announced
- Products: industrial packaging, food packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Antalis](https://endata.com/companies/6305.md) (acquirer)
- [Pakella](https://endata.com/companies/11484.md) (target)

## Sources

- [ipia.org.uk](https://ipia.org.uk/antalis-continues-to-expand-internationally-and-has-signed-a-binding-agreement-to-acquire-pakella-a-leading-player-in-the-distribution-and-manufacture-of-industrial-and-food-packaging-in-latvia-lit/), 2024-05-21: "The agreement is subject to the satisfaction of customary conditions including the approval of the Latvian competition authority."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.