Antalis continues international expansion with Pakella acquisition

The company has signed a binding agreement to acquire one of the leading industrial and food packaging specialists in Latvia, Lithuania, and Estonia.

Antalis has signed a binding agreement to acquire Pakella, which specializes in manufacturing and distributing industrial and food packaging to various business customers in Latvia, Lithuania and Estonia.

Pakella is one of the leading packaging distributors in Latvia, Lithuania and Estonia, with a EUR 15 million turnover in 2023 and 60 employees across its three distribution sites.

Founded in 1996, the Pakella Group designs and manufactures made-to-measure industrial and food packaging, having developed unique and specific expertise in various sectors over more than 20 years, particularly in the food industry. 

Antalis, already well established in Europe, continues to expand its presence in the worldwide packaging distribution market.

Following the acquisition of Portuguese company 100 Metros at the beginning of 2024, Pakella will strengthen Antalis’ offering in the Baltic countries’ industrial and food packaging market.

Commenting on the acquisition, Hervé Poncin, CEO of Antalis, said: ‘The acquisition of Pakella is a great opportunity. It will enable Antalis to significantly expand its existing packaging distribution business in Latvia, Lithuania and Estonia. It demonstrates the ongoing commitment to our customers in the Baltic countries following our acquisition of Hansapakend in Estonia in 2015.’

‘By joining Antalis, Pakella will be able to broaden its product portfolio and continue its development thanks to a wider product range and new international customers,’ added Janis Murmanis, member of the board at Pakella.

The agreement is subject to the satisfaction of customary conditions, including the approval of the Latvian competition authority.