Core manufacturers - Tupak and Corex join forces
Tupak Production BV, manufacturer of luxury paperboard cores and composite cans has been taken over by Corex, the cores and edge protection division of the VPK Packaging group. By doing so, Corex will enter the fast growing consumer packaging and composite cans market. The activities of Tupak Packaging, the distribution division, will continue to exist independently.
Since 1967 Tupak Production BV has been active as a manufacturer of luxury cores and composite can solutions. Throughout its 50 years existence Tupak gained an important position in the Benelux and German markets, specialising in luxury consumer packaging solutions for retail and FMCG companies.
Corex is active in the manufacturing of cores for industrial solutions, serving the paper, textile, film and foil markets from a network of 14 production facilities throughout Europe. With this merger Corex will enter the growing market of Consumer Packaging and Composite Cans. Customers are now able to take this wide range of products, solutions and services from under one roof. Corex will take over all the activities of Tupak Production and will fully support further growth.
Corex is delighted about this take over. A logical and pragmatic decision, influenced by the many requests over the years to supply these type of cores. Such investments have been planned and were waiting to be executed. Therefore this acquisition is perfectly in line with our strategic goals and ambitions.
For Tupak Corex is a leading partner that fits the current DNA profile and one that is capable of fully supporting and realizing their growth ambitions. As a result a strong enterprise with a unique package of solutions has been created. For both companies sustainability, quality and customer satisfaction are highly valued and key. Furthermore it will significantly enlarge the international capabilities of Corex.
Posted on Friday 16 March 2018