Article Abstract:
The Danish packaging group Jotipac is for sale. The group, which also includes the subsidiaries Tipac in Sweden and Joni Emballage in Belgium, is a supplier of plastic packaging, mainly to the food industry. In 1999, turnover totalled DKr 400mn (USD 54mn) and ordinary profit reached DKr 55mn. The group is owned by Danish VT Holding. According to analysts, a merger with the packaging activities of Superfos is a possible solution, thus a new Danish packaging group would be established.
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Article Abstract:
There are many potential buyers of the Danish packaging group Jotipac. Both Danish and foreign companies, in all six-seven companies, have shown their interest, according to the present owner VT Holding. Sources in the sector say a merger between Jotipac and Superfos Packaging would be the best solution, as their products are suited to each other and synergies can be achieved. The most likely buyer of foreign companies is expected to be the British group RPC.
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Article Abstract:
Dansk Styropack, the Danish producer of plastic packaging, has been acquired by the Dutch company Synbra BV, which mainly operates in the insulation sector. Synbra now aims at expanding even in the packaging sector. Until now, Dansk Styropack has been owned by Dansk Shell A/S, the Danish subsidiary of the Shell group. Turnover of Dansk Styropack totalled DKr 385mn (USD 54mn) in 1998.
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