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Antalis has signed a binding agreement to acquire Pakella, which specialises in the manufacturing and distribution of industrial and food packaging to various business customers. Pakella is a leading packaging distributor in Latvia, Lithuania and Estonia with a €15 million turnover in 2023 and 60 employees across its three distribution sites.
The agreement is subject to the satisfaction of customary conditions including the approval of the Latvian competition authority.
Founded in 1996, the Pakella Group excels in the design and manufacture of made-to-measure industrial and food packaging, having developed unique and specific expertise in various sectors over more than 20 years, particularly in the food industry.
Antalis, already well established in Europe, continues to expand its presence in the packaging distribution market worldwide. Following the acquisition of Portuguese company 100 Metros at the beginning of 2024, Pakella will strengthen Antalis' offering in the industrial and food packaging market in the Baltic countries.
Commenting on the acquisition, Hervé Poncin, Chief Executive Officer of Antalis, said: "The acquisition of Pakella is a great opportunity. It will enable Antalis to significantly expand its existing packaging distribution business in Latvia, Lithuania and Estonia. It demonstrates the ongoing commitment to our customers in the Baltic countries following our acquisition of Hansapakend in Estonia in 2015.”
"By joining Antalis, Pakella will be able to broaden its product portfolio and continue its development thanks to a wider product range and new international customers," added Janis Murmanis, Member of the Board of Directors at Pakella.