# Europac acquires packaging plant in Lucena, Córdoba, for €9.8 million

Europac Group bought two companies holding an integrated corrugated packaging plant in Lucena, Córdoba, Spain, at an enterprise value of €9.8 million. The plant had 2016 sales of €7.6 million and will operate as Europac Packaging Lucena, with a planned €10 million investment and 25 direct jobs.

- Type: Acquisition
- Announced: 2017-04-03
- Where: Lucena, Córdoba, Spain
- Value: $10.5M (9.80M EUR)
- Jobs: 25
- Status: completed
- Capacity: 16 million square metres of corrugated board and packaging per year
- Products: corrugated board, cardboard boxes, packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Europac](https://endata.com/companies/1209.md) (acquirer)
- [ICOA](https://endata.com/companies/1210.md) (target)
- [Oasa](https://endata.com/companies/1211.md) (target)
- [Industrias Cartones Ondulados Andaluces](https://endata.com/companies/1226.md) (target)
- [Ondulados Andaluces](https://endata.com/companies/1227.md) (target)

## Sources

- [elnortedecastilla.es](https://www.elnortedecastilla.es/economia/empresas/201704/03/europac-compra-fabrica-embalaje-20170403121228.html), 2017-04-03: "El Grupo Europac ha adquirido dos sociedades titulares de una fábrica integrada de embalaje en la localidad cordobesa de Lucena"
- [euwid-paper.com](https://www.euwid-paper.com/news/markets/europac-acquires-packaging-plant-in-spain-and-plans-expansion/), 2017-04-05: "The transaction price was put at €9.8m."

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