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 active in Latvia, Lithuania and Estonia with a €15m 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.
Hervé Poncin, Chief Executive Officer, 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, Pakella.
