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Paccor acquires Miko Pac Global packaging company Paccor has signed a purchase agreement for the acquisition of Miko Pac, the packaging division of Miko N.V., Belgium.
Paccor said the acquisition strengthens its position in injection molding by complementing the product portfolio and expanding the company s competencies. Miko Pac’s plant in Indonesia extends Paccor’s international reach and the fast-growing Asian market can now also be served.
Miko Pac is a producer of plastic packaging. It develops and produces solutions for ice cream, margarine, ready meals, and other products.
Miko Pac employs approximately 500 people at its production sites in Belgium, Poland, and Indonesia and at its sales offices in France and Germany. Founded more than 45 years ago, Miko Pac is a specialist in thermoforming, injection molding and in-mold labeling.
April 1, 2021
Packaging converter Paccor has agreed to acquire Miko Pac, the packaging division of Miko in Belgium, in a deal that strengthens the former’s position in injection moulding.
With a focus on producing packaging for applications including ready meals, ice cream, and margarine, Miko Pac operates production sites in Belgium, Poland and Indonesia and has sales offices in France and Germany. The Indonesia plant extends Paccor’s reach into the fast-growing Asian market.
Miko Pac, which also specialises in thermoforming and in-mould labelling, will be integrated into Paccor and its operational management will remain in the hands of its former co-owners and managing directors, Kristof Michielsen and Karl Hermans.