Klingele acquires 50% of Onboard Corrugated Limited and Onboard Investments Limited

March 28, 2019 Off By Sebastian Reisig

The German-based family-owned Klingele Group has acquired 50% of Onboard Corrugated Limited and Onboard Investments Limited, as the company said in the press release received by Lesprom Network.

Onboard Corrugated Limited, the UK-based dedicated sheet-feeder and Onboard Investments Limited are to become wholly owned subsidiaries of newly formed Klingele Onboard (Holdings) Limited.

The plant is well invested with two updated corrugators served with a new materials handling facility and has a solid volume base comfortably in excess of 100 million sqm pa to build upon. Onboard will look to continue to develop itself further on the back of strong strategic partnerships with like-minded independent box plants.