# Korozo Group acquires majority stake in Vitra and Creavit

Korozo Group has completed the acquisition of a majority stake in Vitra and Creavit, a Belgian packaging company founded in 1935 in Antwerp. Vitra specializes in film conversion for packaging applications.

- Type: Acquisition
- Announced: 2019-11-26
- Where: Antwerp, Belgium
- Status: completed
- Products: flexible packaging, film products, labels, bags
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Korozo](https://endata.com/companies/800.md) (acquirer)
- [Vitra](https://endata.com/companies/43526.md) (target)
- [Creavit](https://endata.com/companies/43527.md) (target)

## Sources

- [foodbeverageasia.com](https://foodbeverageasia.com/korozo-group-expands-footprint-into-belgium-with-vitra-creavit-acquisition/), 2019-11-26: "We believe that the combined expertise, experience and diversity of our colleagues from different cultures and nations will make Korozo stronger and more agile."

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