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Hinojosa Packaging Group finalised the acquisition of ASV Packaging, a French folding carton manufacturer, adding about 200 employees in France. Hinojosa had held a 49% stake since July 2023.
Hinojosa Packaging Group closed a 49% shareholding agreement in ASV Packaging, a French maker of sustainable food and beverage packaging. The deal expands Hinojosa's presence in the French and Spanish markets.
Spanish carton maker Hinojosa Packaging entered exclusive negotiations to acquire a 49% stake in French corrugated packaging maker ASV Packaging, which has 210 employees and 64 million euros in revenue. The deal would also give the two groups joint control of Halopack tray production in Iberia and France.