# Ilpra acquires 80% stake in Veripack

Ilpra, an Italian packaging machinery producer, acquired an 80% stake in Veripack, a manufacturer of thermoforming machines for food and medical packaging, for a lump sum of €24,000. The deal aims to expand Ilpra's product range and boost exports to India.

- Type: Acquisition
- Announced: 2019-04-30
- Where: Italy
- Value: $27000.00 (24000.00 EUR)
- Status: completed
- Products: thermoforming machines for food and medical packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ilpra](https://endata.com/companies/39145.md) (acquirer)
- [Veripack](https://endata.com/companies/39146.md) (target)
- [Ivaxia](https://endata.com/companies/39147.md) (partner)

## Sources

- [packmedia.net](https://packmedia.net/market/ilpra-acquires-veripack-and-strengthens-its-position-indian-market), 2019-04-30: "The operation is part of Ilpra’s growth plan aimed at expanding its range of technological solutions and boosting exports to new geographical markets."

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