# VPK Group raises stake in CorrBoard UK to 50%

VPK Group increased its shareholding in CorrBoard UK to 50% through new shares and by acquiring the stake of former shareholder Garthwest. McLaren Packaging also subscribed for new shares in the corrugated sheet board producer.

- Type: Acquisition
- Announced: 2021-05-22
- Where: North Lincolnshire, United Kingdom
- Status: completed
- Capacity: 320,000 sq ft facility
- Products: corrugated sheet board
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [VPK](https://endata.com/companies/344.md) (acquirer)
- [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

- [mclarenpackaging.com](https://mclarenpackaging.com/news/corrboard), 2021-05-22: "VPK Group has increased its shareholding in CorrBoard UK to become a 50% shareholder, through a subscription for new shares and the acquisition of the stake of former shareholder, Garthwest."
- [mclarencorrugate.com](https://mclarencorrugate.com/news/news-corrboard), 2021-05-22: "VPK Group has increased its shareholding in CorrBoard UK 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.