# Stora Enso acquires De Jong Packaging Group for €1bn

Stora Enso is acquiring Dutch corrugated packaging producer De Jong Packaging Group in a deal worth about €1 billion, adding 17 sites in the Netherlands, Belgium, Germany and the UK.

- Type: Acquisition
- Announced: 2022-09-01
- Where: Netherlands, Belgium, Germany, UK, Netherlands
- Value: $1.09B (1.00B EUR)
- Jobs: 1,300
- Status: announced
- Capacity: approximately 1,200 million m2 of corrugated capacity added
- Products: corrugated trays, corrugated boxes, containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Stora Enso](https://endata.com/companies/332.md) (acquirer)
- [De Jong Packaging Holding](https://endata.com/companies/3840.md) (target)
- [De Jong Verpakking](https://endata.com/companies/6815.md) (target)
- [De Jong Papier Holding](https://endata.com/companies/9943.md) (target)

## Sources

- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/de-jong-packaging-sold-to-stora-enso-in-e1bn-deal-08-09-2022), 2022-09-08: "Stora Enso has boosted its presence in the European corrugated market with the acquisition of De Jong Packaging Group in a deal worth €1bn."
- [news.cision.com](https://news.cision.com/stora-enso-oyj/r/stora-enso-acquires-dutch-company-de-jong-packaging-group-to-accelerate-growth-in-renewable-corrugat,c3627756), 2022-09-08: "Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately EUR 1,020 million."
- [pulpapernews.com](https://www.pulpapernews.com/20220912/13875/stora-enso-buys-dutch-packaging-specialist), 2022-09-12: "Stora Enso has acquired De Jong Packaging Group, a company based in the Netherlands, for about €1.02 billion."
- [packagingsouthasia.com](https://packagingsouthasia.com/type-of-packaging/stora-enso-de-jong-packaging-group/), 2022-10-01: "Stora Enso has acquired the Netherlands-based De Jong Packaging Group for an enterprise value of approximately 1,020 million Euro."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/8), 2022-11-04: "Stora Enso has boosted its presence in the European corrugated market with the acquisition of De Jong Packaging Group in a deal worth €1bn."
- [euwid-paper.com](https://www.euwid-paper.com/news/companies/stora-enso-gets-nod-for-de-jong-packaging-takeover-071222/), 2022-12-01: "Stora Enso's €1bn deal to acquire De Jong Papier Holding and De Jong Verpakking Holding (DJV) and boost its corrugated packaging business has been given a go-ahead from the EU competition authorities on 28 November."
- [packagingsouthasia.com](https://packagingsouthasia.com/invest-ma-jv/stora-enso-gets-nod-to/), 2022-12-05: "Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of the Netherlands-based De Jong Packaging Group, announced in September 2022."

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