# Hinojosa Packaging sells Cipasi unit to Italy's Karton

Spanish packaging group Hinojosa Packaging has sold its Cipasi business, a cellular polypropylene producer based in Masamagrell, Valencia, to Italian group Karton. Cipasi had 2021 revenue of EUR 9 million and 38 employees, all of whom Karton will retain; the value was not disclosed.

- Type: Acquisition
- Announced: 2023-01-10
- Where: Masamagrell, Valencia, Spain
- Status: announced
- Products: cellular polypropylene sheets
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Hinojosa Packaging](https://endata.com/companies/10106.md) (partner)
- [Karton](https://endata.com/companies/10107.md) (acquirer)
- [Cipasi](https://endata.com/companies/10108.md) (target)

## Sources

- [expansion.com](https://www.expansion.com/valencia/2023/01/10/63bd99f4e5fdea205e8b459b.html), 2023-01-10: "Karton mantendrá el 100% de la plantilla de Cipasi, compuesta por 38 trabajadores."

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