# VPK Group acquires 50% of UK corrugated sheet maker CorrBoard

VPK Group raised its shareholding in CorrBoard UK to 50% by buying the stake of former shareholder Garthwest and subscribing for new shares. McLaren Packaging also subscribed for new shares in the North Lincolnshire company.

- Type: Acquisition
- Announced: 2020-05-21
- Where: North Lincolnshire, United Kingdom
- Status: completed
- Products: corrugated sheets, corrugated board
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [VPK](https://endata.com/companies/344.md) (acquirer)
- [CorrBoard](https://endata.com/companies/2179.md) (target)
- [McLaren Packaging](https://endata.com/companies/2298.md) (investor)
- [Garthwest](https://endata.com/companies/6530.md) (partner)
- [CorrBoard UK](https://endata.com/companies/6555.md) (target)

## Sources

- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/fresh-investment-corrugated-sheet-maker-corrboard-21-05-2020), 2020-05-21: "VPK has increased its shareholding to become a 50% shareholder, through a subscription for new shares and the acquisition of the stake of former shareholder Garthwest."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/vpk-uk-corroboard-acquisition/), 2020-05-21: "The company acquired 50% of the supplier by purchasing the stake of former shareholder Garthwest, and also through new shares subscription."
- [paperfirst.info](https://www.paperfirst.info/vpk-becomes-major-shareholder-in-uk-based-sheet-manufacturer-corrboard/), 2020-05-28: "VPK Group NV has increased its shareholding to become a 50% shareholder, through a subscription for new shares and the acquisition of the stake of former shareholder Garthwest."

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