Klingele Group acquires 50 percent of Onboard
Support the Klingele Group's growth strategy abroad through acquisitions. The manufacturer of corrugated base paper and packaging made of corrugated board is taking over 50 % of Onboard Ltd, another owner-managed sheet feeder based in Wolverhampton (West Midlands). With this current investment, the Germany-based paper manufacturer is continuing its expansion abroad; the British want to further expand their market position through the strategic partnership.
The 84-strong acquired company has two corrugators with a capacity of 150 million m² of corrugated board per year and has grown strongly in recent years. Suppliers also included the Klingele paper mill in Weener and Blue Paper, a joint venture with VPK Packaging.
“I firmly believe that with the support of resources and experience from the Klingele Group, Onboard can build on its position as the only sheet board producer that is not in competition with its customers. This is very good news for our customers, suppliers and employees – and I am already looking forward to the joint future with Klingele”, said Paul Jundu, founder and CEO of Onboard.