Ringmetall Acquires Stake in Packaging Innovator Evopack

Ringmetall SE, a global specialist in the packaging industry, has announced the acquisition of a 25.1% stake in Evopack. This Stuttgart-based startup specializes in creating sustainable packaging solutions for the paint and coatings industry. Their innovative product, "Boxli 1000", is a bag-in-box system that reduces biocide usage in paint production and minimizes CO2 emissions by 70% compared to traditional packaging.

The deal, grounded in a conservative rebuild cost valuation, includes an option for Ringmetall to increase its stake to 51% within a year and a right of first refusal on remaining shares. Ringmetall will assist in the product's market launch and plans to relocate Evopack's Stuttgart operations to its Liner Factory in Ahaus, leveraging its expertise in liner production.

Christoph Petri, Ringmetall's Management Board Spokesman, emphasized the sustainability potential of Evopack's innovations, predicting significant customer interest.