eCorrugated Ltd regains its independence
Announcement
Since mid-2020 eCorrugated Ltd has been under the majority ownership of De Jong Verpakking and most recently Stora Enso Oyj. It was expected that the coming togther of eCorrugated and De Jong/Stora Enso would result in significant investment that would benefit our staff and customers. Despite our best efforts, disappointingly much needed investment could not be secured in the short to medium term.
I can confirm the LAVELLE Corrugated Limited has acquired eCorrugated Limited from Stora Enso Oyj with immidiate effect.
eCorrugated Limited, returning to the status of an independent business, will now embark upon an intense period of strategic review. This will result in the creation of an investment plan aligned to the market we supply, to ensure it remains successsful, profitable and sustainable.
Paul Lavelle
Managing Director
4th October 2024