Netherlands-based LC Packaging announced an agreement to acquire a minority share of Bluepack, a Danish company specialising in flexible intermediate bulk containers (FIBCs), also known as big bags.
Big bags allow for packing, handling, and transporting large quantities of goods. Bluepack manufactures the bags for the agricultural and pharmaceutical industries, among others, in Denmark and Sweden. FIBCs are often a flexible and cost-efficient solution for materials and products, such as mortar, sand, gravel, granite chippings, feed, grass seeds, and potatoes. Bluepack did not disclose the exact constitution of its big bags, but the products are often made of polypropylene (PP).
According to the agreement, the Dutch manufacturer and distributor of flexible packaging holds the first option to acquire the remainder of the Bluepack shares at a later date. LC Packaging already has its own FIBCs production facilities, but the acquisition is expected to lead to shorter lead times for its big bag costumers in and around Scandinavia.
“This partnership makes great sense for LC Packaging, since it allows us to expand our activities in Scandinavia with regard to FIBCs and agri packaging,” said Lucas Lammers, CEO of LC Packaging.
The two companies also share values like sustainability and innovation, which was another contributing factor to the acquisition, according to Lammers. “Bluepack shares our focus on sustainability and innovation. We are confident that together, we are able to bring our customers even better solutions and services as they seek to reduce the carbon footprint of their packaging.”