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Stora Enso acquires De Jong Packaging Group to accelerate growth in renewable corrugated packaging

Packaging Solutions

Stora Enso has acquired De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately €1020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe.

De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.

The acquisition will significantly strengthen Stora Enso’s European market presence in corrugated packaging and provide an entry into the Netherlands, Belgium, Germany and the UK. With this acquisition, the Packaging Solutions division will increase its corrugated packaging capacity by approximately 1200 million m2 to more than 2000 million m2, including De Jong Packaging Group’s ongoing expansion projects. This will secure a platform for continued growth in key markets. The European corrugated packaging market is fragmented, with local presence key for sustainable growth. ‘In line with our strategy, we are investing in growing our market share in renewable and circular packaging solutions. De Jong Packaging has a solid presence in the corrugated packaging sector and an impressive customer base. Acquiring their operations supports our future strategic direction to advance renewable packaging solutions within Europe,’ said Annica Bresky, president and CEO at Stora Enso. ‘We are excited about this acquisition. With our shared focus on agility and customer value, and with the excellent teams in both companies, we will create a strong platform for future growth. De Jong Packaging Group has a solid track record of growth in corrugated packaging, which combined with our experience in innovative design, digital solutions and sustainability services, will enable us to strengthen our offering,’ said David Ekberg, executive vice president Packaging Solutions division at Stora Enso. ‘We are proud of what has been achieved at De Jong Packaging Group and we now look forward to the next steps in our company’s journey. Stora Enso is well positioned to drive further growth in line with our common ambition,’ stated Henk de Jong, owner of De Jong Packaging Group and Ad Smit, CEO of De Jong Packaging Group. Founded in 1996, De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. The company specialises in corrugated trays and boxes mainly for fresh produce, e-commerce and industry. It is also active in containerboard production through the acquisition of the De Hoop paper mill in the Netherlands in 2021. The group has 17 sites in the Netherlands, Belgium, Germany and the UK. It employs approximately 1300 people.


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