Prinzhorn Group looks to step into Italy

Prinzhorn Group, having a strategic long term interest in Italy, has made a proposal to acquire corrugated packaging plant Scatolificio La Veggia S.p.A., Roteglia, which is part of the La Veggia Group of companies in the course of a restructuring process under Italian law.

Prinzhorn and La Veggia will take the necessary steps in the coming months in order to facilitate and prepare for the final take-over, which is expected in the course of 2023 after agreement by the Court. The transaction is – inter alia – subject to court approval and possible regulatory clearances. Financial details were not disclosed.

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