Envases Europe acquires HUBER Packaging Group in Germany
Envases Europe A/S, part of the Envases Group, a leading global producer of food packaging, has entered into an agreement to acquire HUBER Packaging Group, a producer of metal and plastic packaging in Central Europe. Plesner acted as the lead counsel for Envases Europe A/S.
Envases Europe A/S acquires HUBER Packaging Group, a leading producer in Central Europe of metal and plastic packaging for non-food based in Öhringen, Germany with production facilities in Germany, the United Kingdom, Switzerland, Austria and Hungary.
Envases Europe A/S is part of the Envases Group, a family-owned business based in Mexico, which is a leading global producer of food packaging.
By this transaction, Envases Europe A/S reinforces its position in the market for non-food packaging.
Envases Europe A/S currently has production facilities in Denmark, Sweden and Holland, and in connection with the transaction production facilities are added in Germany, the United Kingdom, Switzerland, Austria and Hungary. Likewise, the number of employees in Envases Europe A/S grows from 1,100 to 2,000 as a consequence of the transaction.
The transaction is subject to the usual regulatory approval and is expected to be closed during the first quarter of 2021.