# Stora Enso acquires De Jong Packaging Group, Benelux corrugated packaging maker

Stora Enso has acquired De Jong Packaging Group, the largest independent corrugated manufacturer in the Benelux, at an enterprise value of about EUR 1,020 million. The deal adds capacity and market entry into the Netherlands, Belgium, Germany and the UK.

- Type: Acquisition
- Announced: 2022-09-08
- Where: Netherlands
- Value: $1.01B (1.02B EUR)
- Status: completed
- Capacity: Combined corrugated packaging capacity above 2,000 million m2
- Products: corrugated packaging, boxes and trays

## Companies

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

## Sources

- [dejongverpakking.com](https://dejongverpakking.com/en/news/stora-enso-announces-the-acquisition-of-de-jong-packaging-group/), 2022-09-08: "The enterprise value of the transaction is approximately EUR 1,020 million of which EUR 250 million is IFRS lease assets and liabilities."
- [packaging-journal.de](https://packaging-journal.de/en/stora-enso-acquires-de-jong-packaging-group/), 2022-09-08: "Stora Enso has acquired the Dutch company De Jong Packaging Group in order to expand its market share in the field of renewable packaging in Europe."
- [packagingeurope.com](https://www.packagingeurope.com/stora-enso-acquires-de-jong-packaging-group-to-increase-production-of-corrugated-packaging/), 2022-09-08: "Stora Enso has acquired Dutch packaging company De Jong Packaging Group in the hopes of strengthening its European market presence in corrugated packaging."

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