Paccor acquires majority stake in EDV Packaging Solutions
The deal means Paccor can grow its rigid barrier packaging portfolio globally, for example, EDV develops coffee capsules made from polypropylene, as well as advanced bio compostable materials.
Ready meals
It also manufactures rigid barrier applications for ready-meals and compotes.
"Over the past few years, EDV has achieved impressive growth and profitability. We are happy to merge forces to jointly capture further opportunities within Europe and beyond,” said Andreas Schütte, CEO, Paccor.
The acquisition will allow both companies to lead changes in sustainable packaging, with EDV becoming Paccor’s Center of Excellence for thermoformed products for higher oxygen protection.
EDV Packaging Solutions was founded in 1972 by Jose-Maria Pursals Sr. Since the mid 1980s it has been run by the second generation of the Pursals family, Koke and his brother Jose-Maria Pursals.
US & Asia
The company has been growing successfully in Europe for the last four decades and gradually expanding in the US and Asia.
After 30 years of hard work growing a family business, this is an excellent opportunity for us to be a part of the bigger Paccor family. This is an upscale to become a worldwide player in this fast growing segment,” said Koke Pursals, president, EDV.
