Dunapack Packaging, the corrugated packaging division of the Prinzhorn Group, has entered into an agreement with Stora Enso to acquire its German corrugated packaging operations.

Terms of the deal were not disclosed.

The deal involves Gaster Wellpappe, Wellpappe Sausenheim, and PTI, including its facilities in Southwestern Germany. Combined, the operations have about 350 employees and a turnover in 2025 of approximately EUR 74 million.

"The transaction marks a further important step in the growth strategy of Dunapack Packaging aiming to increase its geographical footprint and will additionally foster our paper integration rate within the Group," said Gerald Prinzhorn, CEO of Prinzhorn Group.

Max Hölbl, Chairman of Dunapack Packaging, added, "We are excited to serve our existing and new customers with the best of our proven service quality by benefitting from our integrated business model with Hamburger Containerboard Division. The expertise of our new colleagues will be a great addition and we are looking forward to welcoming them in our Group."

The transaction is subject to merger clearance with an expected closing in the course of 2026.

With its headquarters in Vienna, Austria, the Prinzhorn Group is a European market leader in corrugated packaging, paper and recycling industries. The Group is structured in three divisions: Dunapack Packaging (corrugated packaging solutions), Hamburger Containerboard, and Hamburger Recycling.

Source: Dunapack Packaging