# Progroup and K2 Verpackungen invest EUR 17 million in Offenbach an der Queich sites

Progroup AG and packaging maker K2 Verpackungen are jointly investing around EUR 17 million to expand and modernise their adjacent plants in Offenbach an der Queich, Germany. Progroup is building a transport bridge and expanding its high-bay warehouse, while K2 adds an automated production line.

- Type: Expansion
- Announced: 2019-07-22
- Where: Offenbach an der Queich, Germany
- Value: $19.0M (17.0M EUR)
- Status: announced
- Products: containerboard, corrugated board, corrugated sheetboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Progroup](https://endata.com/companies/1305.md) (investor)
- [K2 Verpackungen](https://endata.com/companies/5307.md) (investor)

## Sources

- [progroup.ag](https://www.progroup.ag/en/newsroom/progroup-ag-and-k2-verpackungen-packaging-invest-around-17-million-euros-in-the-region), 2019-07-22: "Investing around 17 million euros in total, the two companies are enlarging and modernising their production facilities and thus reinforcing their commitment to the region."

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