European rigid packaging giant Paccor Group absorbs Hungarian plastics packaging producer Pannunion, a recent acquisition by Sun Capital Partners, bringing Paccor's holdings to 19 manufacturing sites in 13 countries

Lorena Madrigal

Lorena Madrigal

Jan 16, 2012 – Industry Intelligence

LOS ANGELES , January 16, 2012 () –

Hungarian packaging producer Pannunion Packaging Plc has been absorbed into European rigid packaging giant Paccor Group, reported Plastics and Rubber Weekly (PRW) on Jan. 16.

Pannunion was earlier acquired by U.S.-based investment firm Sun Capital Partners Inc., which created Paccor in early 2011 and built it into a business with 19 manufacturing sites in 13 countries, generating annual sales of over €425 million (US$538.4 million) last year.

Pannunion’s main business was its packaging unit in Hungary, and other operations were in Romania, Serbia, the Ukraine and Hungary, PRW reported.

The company’s divisions included the blow-molded packaging operations of Almand and Pannon-Effekt in Hungary and the rigid sheet and thermoformed packaging materials divisions of Unical in Romania, Serbia-based Unionplast and Interagropack in the Ukraine.

Late last year, Paccor announced it would begin construction of a €20-million, 20,000-square-foot plant at Haemeenlinna, Finland. Work is scheduled to be completed by about March 2013. Production will be transferred to the new facility from leased premises this September, reported PRW.

Another series of Sun acquisitions through 2011 created a parallel European flexible packaging group.

It is organized under U.K.-based Britton Group and also includes Veriplast Solutions of France and Germany’s Reuther Verpackung GmbH, with production facilities in Germany, France, the U.K. and Poland, and an annual turnover of about €311 million, PRW reported.

Paccor’s operations in Finland last year underwent an upgrade that added thermoforming-IML decoration to allow for high-quality printing comparable to its mold labeling but with the advantages of thermoforming technology.

Also installed at Paccor was an eight-color dry-offset printing press that can print round cups, and a new digital printing plate imager that allows greater flexibility, quicker reaction time, and quality printing, said the company, reported PRW.

The primary source of this article is Plastics and Rubber Weekly, London, England, on Jan. 16, 2012.


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.