# Klingele Papierwerke takes stake in Trade Packaging to expand into Cuba

Klingele Group's Spanish subsidiary Klingele Embalajes is acquiring a shareholding in Trade Packaging SA, giving Klingele two corrugated plants and a folding carton plant in Cuba. The deal also raises its stake in Compacto Caribe to 51%.

- Type: Acquisition
- Announced: 2017-09-20
- Where: Cuba
- Status: announced
- Products: corrugated base paper, corrugated packaging, folding cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Klingele Papierwerke](https://endata.com/companies/2093.md) (acquirer)
- [Trade Packaging SA](https://endata.com/companies/2094.md) (target)
- [Compacto Caribe SA](https://endata.com/companies/2095.md) (target)

## Sources

- [thepackagingportal.com](https://www.thepackagingportal.com/features/klingele-papierwerke-expands-into-cuba/), 2017-09-20: "Klingele has a shareholding in the Spanish holding company Trade Packaging SA and will therefore operate two corrugated plants and a folding carton plant in Cuba in the future."

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