The news comes on the back of solid results for the company in 2020 and is intended to support Elopak to realize its ambitions for innovation and growth.
Elopak CEO Thomas Körmendi said, “2020 was a yet another solid year for Elopak. From the hard work of our employees, to operational improvements and the launch of innovative new products, Elopak demonstrated its strength and potential. We are excited to now be exploring the opportunities that exist to advance Elopak even further and we welcome Ferd’s continued commitment to supporting us in our ambitions.”
Elopak is a private company, which has been owned by Ferd and the Andresen family since its creation 64 years ago. In making the announcement Ferd has been clear that it will continue to support Elopak on its journey as an active and committed shareholder.
“As a company we are proud of what we have achieved to date. However, both Ferd and Elopak are in agreement that there is scope to do more. We expect that as the world’s population grows and the need to combat climate change accelerates, demand for Elopak’s renewable, recyclable and sustainably sourced packaging solutions will increase. We want to be ready to meet that demand and play a key role in the global shift towards a low-carbon circular economy through continued investment in innovation and product development,” Körmendi added.