The corrugated paper packaging industry in Benelux plays a vital role in sustainable logistics and shipping solutions. Companies in this sector manufacture eco-friendly containers that protect a wide array of products, from agricultural goods to consumer electronics. The industry has seen a marked shift toward sustainable practices, with a growing emphasis on recyclable materials and innovative designs that reduce waste. Notably, advancements in digital printing technology are enhancing the customization of packaging. As consumer awareness around climate change rises, this sector is expected to expand rapidly, with increasing demand for responsible packaging solutions that are both functional and environmentally friendly.


In examining the investor landscape for the corrugated paper packaging sector, we find a mix of private equity and corporate investors, predominantly located in Luxembourg and the Netherlands. The investors range from midsize to large firms, such as CVC Capital Partners and Total Specific Solutions, with a founding history stretching from the 1950s to modern times. Their activities in 2024 illustrate a strong appetite for deal-making, with totals that span from a few to nearly 100 investments. Collectively, these firms indicate robust confidence in the growth potential of the corrugated packaging market.


Top 9 Corrugated Paper Packaging Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in several transactions relevant to the corrugated paper packaging industry, such as providing grants and funding to Releaf Paper and Creapaper, both of which focus on innovative paper solutions. Additionally, their investment in Paptic, a company dedicated to sustainable packaging, highlights their commitment to supporting advancements in the packaging sector, including corrugated paper solutions.


2. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has made significant investments in the packaging industry, notably acquiring AR Packaging in 2016, which reported sales of approximately €560 million in 2015. This acquisition highlights CVC's strategic focus on sustainable value and growth within the corrugated paper packaging sector. Additionally, CVC has been involved in other related transactions, such as their investments in Elopak and Lecta, further showcasing their engagement in the broader packaging and printing industries.


3. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. Founded in 1958, the EIB aims to promote growth and job creation through its funding initiatives. In recent years, the EIB has been involved in several transactions that are particularly relevant to the corrugated paper packaging industry. For instance, in July 2024, the EIB signed a EUR 435 million bilateral loan with Stora Enso to support its investment in renewable, fiber-based consumer packaging board at its Oulu mill in Finland. This project is expected to enhance the production of sustainable packaging solutions. Additionally, the EIB participated in a €40 million Series B funding round for Packhelp, a company focused on custom and sustainable packaging, indicating its support for innovative packaging solutions. These transactions highlight the EIB's commitment to financing projects that contribute to the development of sustainable packaging, including corrugated paper solutions.


4. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux is a private equity firm based in Amsterdam, Netherlands, founded in 2021. It specializes in acquiring and managing companies in transition, providing operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made significant investments in the corrugated paper packaging industry, including the acquisition of La Rochette Cartonboard, which focuses on the Folding Boxboard market, and Sonoco Paper France, which operates a board mill. These transactions reflect Mutares' strategy to expand its portfolio in the corrugated paper sector, showcasing its commitment to this industry alongside its broader investment activities.


5. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has made significant investments in the packaging sector, including the acquisition of All4Labels - Global Packaging Group, which highlights their engagement in the packaging industry. Additionally, their acquisition of Bormioli Pharma, a leading pharma primary packaging manufacturer, further demonstrates their interest in the packaging domain. These transactions reflect Triton's capability and willingness to invest in companies that may intersect with the corrugated paper packaging industry.


6. Mondi Heerlen B.V.

  • Website: mondigroup.com
  • Type: Corporate
  • Headquarters: Heerlen, Limburg, Netherlands
  • Founded year: 1967
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: mondi-heerlen-b.v.

Mondi Heerlen B.V. is a corporate investor based in Heerlen, Limburg, Netherlands, and is part of the Mondi Group, a leading packaging and paper manufacturer founded in 1967. The company specializes in providing innovative and sustainable packaging solutions across various industries, including eCommerce and retail. Notably, Mondi has made strategic acquisitions to strengthen its position in the corrugated paper packaging market, including the acquisition of Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş. in June 2021, which significantly bolstered their presence in Turkey's corrugated packaging sector. Other acquisitions, such as the SIMET plant in Poland and Powerflute, further illustrate Mondi's commitment to expanding its capabilities in the packaging industry, including corrugated solutions.


7. Triodos Bank

  • Website: triodos.com
  • Type: Venture Capital
  • Headquarters: Driebergen-Rijsenburg, Utrecht, Netherlands
  • Founded year: 1980
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: triodos-bank

Triodos Bank N.V. is an ethical bank founded in 1980, based in Driebergen-Rijsenburg, Utrecht, Netherlands. It operates as a public entity focused on sustainable finance, offering services such as depository receipts, green bonds, and investment management. Triodos Bank aims to align financial activities with ethical and sustainable practices, promoting transparency and positive impact in the banking sector across multiple European countries. In recent years, Triodos Bank has made significant investments in sustainable packaging solutions, including a notable investment in Tipa, an Israel-based producer of compostable flexible packaging solutions, which raised $25 million in a Series C funding round led by Triodos Organic Growth Fund. This investment supports Tipa's growth and expansion into new territories, highlighting Triodos Bank's commitment to sustainable packaging. Additionally, Triodos Bank invested in ecoffeecup, a company focused on sustainable coffee cups, further demonstrating its interest in the sustainable packaging sector.


8. Total Specific Solutions


Total Specific Solutions (TSS) is a corporate investor based in Utrecht, Netherlands, specializing in vertical market software solutions across various sectors, including healthcare, education, and finance. Founded in 2008, TSS operates a decentralized model that allows its business units to innovate and respond quickly to market needs. Notably, TSS has made significant strides in the corrugated paper packaging industry by acquiring Remote Terminal System Srl (RTS), a leading software supplier in the Italian corrugated sector, in February 2019. This acquisition not only marks TSS's entry into the Italian software market but also positions them to leverage RTS's expertise to enhance growth in this niche. While TSS has also engaged in other acquisitions, such as Alvic, which focuses on gas station software and hardware, their involvement with RTS highlights their capability and interest in the corrugated paper packaging domain.


9. Market One Capital

  • Website: moc.vc
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: m1c

Market One Capital is a venture capital firm based in Luxembourg, founded in 2017. The firm specializes in investing in innovative startups across various sectors, including FinTech, HealthTech, and AgriTech. Notably, Market One Capital has been involved in the packaging industry through its investments in Packhelp, a Warsaw-based custom and sustainable packaging marketplace. They participated in Packhelp's Seed Round in June 2018, Series A funding in March 2019, and Series B funding in November 2021, contributing to a total of €52 million raised by the company. Packhelp aims to develop new sustainable products and services, which aligns with the growing demand for eco-friendly packaging solutions, including corrugated paper packaging.



Corrugated Paper Packaging Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
CvcLuxembourg1001-5000200516
European Investment Bank (EIB)Luxembourg1001-5000195899
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Triton PartnersLuxembourg201-50019976
Mondi Heerlen B.V.Heerlen, Limburg, Netherlands51-20019673
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
Total Specific SolutionsUtrecht, Utrecht, Netherlands1001-500020081
Market One CapitalLuxembourg11-5020177


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