Envelope manufacturer Bong acquires Polish company
Nov 19 2010 Swedish envelope manufactirer Bong has signed an agreement to buy the remaining 90 percent of the shares in the Polish company Bong CSK, based in Poznan. Bong will thereby become the only shareholder of the company.
Bong CSK is specialized in manufacturing of air bubble bags used by e-commerce and mail order companies for delivery of light-weight products to consumers. Bong CSK has around 65 employees and a turnover of around five million Euros per year."The full integration of Bong CSK into the Bong Group means that we strengthen ourselves as a supplier to e-commerce and mail order fulfillment companies. It is fully in line with our ProPac strategy to grow in selected specialty packaging niches" says Bong's CEO, Anders Davidsson.Bong CSK will be consolidated from December 1, 2010, and it is forecasted to have a positive result effect from the first quarter 2011.