# Stora Enso completes acquisition of De Jong Packaging Group

Stora Enso completed its acquisition of Netherlands-based corrugated packaging producer De Jong Packaging Group, with an enterprise value of about EUR 1,020 million. The deal adds roughly 1,200 million m2 of corrugated packaging capacity to Stora Enso.

- Type: Acquisition
- Announced: 2023-01-01
- Where: De Hoop, Netherlands
- Value: $1.09B (1.02B EUR)
- Status: completed
- Capacity: about 1,200 million m2 of additional corrugated packaging capacity
- Products: corrugated packaging
- 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)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/stora-enso-completes-the-acquisition-of-de-jong-packaging-group-301715611.html), 2023-01-06: "The acquisition announced in September 2022 with an enterprise value of approximately EUR 1,020 million was closed today following regulatory clearances and employee consultation."
- [dejongverpakking.com](https://dejongverpakking.com/en/news/stora-enso-completes-the-acquisition-of-de-jong-packaging-group/), 2023-01-06: "Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries."
- [woodandpanel.com](https://www.woodandpanel.com/woodnews/article/stora-enso-acquires-de-jong-packaging-group/), 2023-01-09: "Stora Enso has purchased the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries."
- [packagingeurope.com](https://www.packagingeurope.com/stora-enso-completes-de-jong-packaging-group-acquisition-and-estimates-2000-million-m2-corrugated-packaging-capacity/), 2023-01-09: "Stora Enso has successfully completed its acquisition of De Jong Packaging Group and aims to further expand its portfolio."
- [paperindustryworld.com](https://www.paperindustryworld.com/stora-enso-completes-the-acquisition-of-de-jong-packaging-group/), 2023-02-24: "Stora Enso completed the acquisition of Dutch packaging solutions company De Jong Packaging Group."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/packaging-industry-biggest-deals-2023/), 2023-12-21: "January saw Stora Enso’s strategic acquisition of De Jong Packaging Group for €1.02bn, fortifying its position in the European packaging markets."

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