Duni Group Expands Reach with LinePack Oy Acquisition
Duni Group Expands Its Business Horizons with LinePack Oy
Duni AB (Duni Group) has recently solidified its position in the automated packaging industry by acquiring an 80% share of LinePack Oy, a Finnish company that specializes in providing advanced packaging solutions specifically for the food sector. This strategic move aims to enhance Duni Group's Food Packaging Solutions division and synergize with its Duniform brand, which is well-known for high-quality and innovative packaging technologies.
With this acquisition, Duni Group is positioned to enhance its market capabilities in the Nordic region significantly. LinePack is celebrated for its local expertise, providing professional design, equipment installation, maintenance, and spare parts essential for robust automated packaging systems. This partnership is expected to double Duni Group's revenue in the food packaging segment, particularly in Finland, a market that is increasingly leaning towards sustainable and effective packaging solutions.
Strengthening Market Position and Expanding Offerings
LinePack has made a mark in the industry due to its commitment to technical excellence and nurturing strong relationships with its customer base. The integration into Duni Group offers LinePack access to a wealth of resources, expanded networks, and enhanced capabilities that are critical for growth in an area where the demand for sustainable solutions is on the rise.
Nicklas Lauwell, the Chief Officer of Food Packaging Solutions at Duni Group, expressed optimism regarding the acquisition, stating that it is vital for tapping into increasing market requirements. By merging with Duni Group, LinePack is poised to leverage its technical strengths and gain momentum in an evolving market setting.
Comments from Leadership
Sami Mäenpää, the CEO of LinePack Oy, shared insights on the benefits of joining forces with Duni Group, emphasizing that the partnership will open doors to a broader customer base and enhanced market channels. This new alliance promises to facilitate faster growth while delivering even greater value to their existing clientele. Together, they aim to pioneer next-generation packaging solutions that cater to the needs of modern consumers.
Financial Overview and Local Impact
LinePack Oy has reported an annual turnover of approximately EUR 2 million and currently employs a small team of six dedicated individuals. The acquisition is not only a significant step for Duni Group but also for LinePack as it embarks on a new chapter of growth and innovation, enabling it to bolster its offerings and enhance operational efficiencies.
Duni Group: Continuing Its Legacy of Quality
Founded with a mission to create sustainable and user-friendly packaging solutions, Duni Group remains committed to meeting the diverse needs of its customers while upholding quality and environmental standards. This acquisition adds to their journey of growth and reinforces their goal of providing innovative solutions that resonate with market needs.
If you have any inquiries or require further information regarding this acquisition, please reach out to the contacts listed below.
CONTACT:
Magnus Carlsson, EVP Finance/CFO, +46 40-10 62 00
Amanda Larsson, Head of Communications, +46 76-608 33 08
Frequently Asked Questions
What does Duni Group do?
Duni Group specializes in creating sustainable packaging solutions for the food industry, enhancing product safety and presentation.
What is LinePack Oy known for?
LinePack Oy is known for its automated packaging solutions, providing professional services including design, installation, and maintenance.
How will the acquisition affect Duni Group's revenue?
This acquisition is expected to double Duni Group's revenue in the food packaging sector, particularly within Finland.
What benefits does LinePack gain from this acquisition?
LinePack will benefit from enhanced resources, market channels, and technical expertise provided by Duni Group.
Who are the key contacts for more information?
The main contacts are Magnus Carlsson, CFO, and Amanda Larsson, Head of Communications at Duni Group.
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