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Tuesday, February 27, 2024

Elopak Welcomes New Teams in Morocco and Saudi Arabia

Elopak has today welcomed new sites and team members in Casablanca, Morocco and Dammam, Saudi Arabia at the official celebration of its recent acquisition of Naturepak Beverage – the leading gable top fresh liquid carton and packaging systems supplier in the MENA region.

Following the acquisition, Elopak has added local production facilities in Morocco and Saudi Arabia to its extensive existing global network, which already encompasses customers across 70 countries. At the same time, annual production capacity has been boosted by more than 2.5 billion cartons, supporting the company’s ambition to meet the growing demand for sustainable packaging solutions.

The event took place in Casablanca, Morocco and included a ribbon cutting ceremony, a site tour of the production facility and a formal lunch. In attendance at the event were the Minister of Industry and Commerce Ryad Mezzour and Norway’s Ambassador to Morocco Sjur Larsen.

Commenting on the event Elopak CEO Thomas Körmendi stated, “We are delighted to officially welcome team members in Morocco and Saudi Arabia to the company. We look forward to working closely together and are excited by the opportunities that exist for us to deliver sustainable packaging solutions as part of a bigger and better team with a strengthened position in the MENA region.”

Norway’s Ambassador to Morocco Sjur Larsen also commented on the occasion stating, “I am pleased to see Elopak investing in Morocco through this acquisition. I hope to see more Norwegian companies come to do business in Morocco and to invest. There are many possibilities in Morocco, and also for Norwegian companies that want to look at possibilities for access to new markets in Africa and the Middle East.”

The acquisition of Naturepak Beverage is part of Elopak’s growth strategy, enhancing its position in the MENA region showing great potential. Having listed on the Oslo stock exchange in 2021, Elopak is seeking to capitalize on its strong track record, growing geographical footprint and investment in sustainability-focused innovations to target organic growth of 2-3% per annum. It is pursuing new business opportunities across both traditional and non-traditional segments, as well as driving the plastic to carton conversion.

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