Paccor CEO Andreas Schütte (Photo: Paccor) German packaging group Miko Pac (Oud-Turnhout / Belgium; www.mikopac.com), the plastic packaging division of Miko Group (Turnhout / Belgium; www.mikogroup.be). With the acquisition, Paccor plans to strengthen its international reach, particularly in the fast-growing Asian market, with Miko Pacâs plant in Indonesia. The acquisition, scheduled to be completed by Q2 2021, has been priced at approximately EUR 110m, according to Miko. The proposed transaction is yet to be approved by relevant competition authorities. Miko Group achieved a consolidated turnover of EUR 195.1m in 2020, with the plastic packaging department reporting turnover of EUR 107.3m and an EBITDA of EUR 18.4m.