LC Packaging and Bluepack have signed an agreement to acquire a minority share of Blueback, a Danish flexible intermediate bulk container (FIBC) specialist.
According to the agreement, LC Packaging holds the first option to acquire the remainder of the Bluepack shares at a later date.
Bluepack brings a strong presence in Denmark, complementing LC Packaging’s global market presence, the company said.
This agreement is an important step towards long-term partnerships and shorter lead times for customers in and around Scandinavia, added the firm.
“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.
“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. Our 2023 Ecovadis Platinum CSR rating proves we are on the right track.”
Paul Strandmark, owner at Bluepack, said the new international partnership has significant potential for both companies: “Similar to Bluepack, LC Packaging is a company with a rich history and strong values, and we are delighted to welcome LC Packaging as a partner.
“Together, our additional scale and expertise will bring significant benefits for both parties and for our customer.”