“Through this joint venture, we are strengthening our position in the European market for complex packaging solutions and will be able to offer our customers an even broader product range in future,” says Dr. Marina Palm, CEO of Palm Group.
In November 2025, Palm Group announced the acquisition of a 50% stake in Power Packaging s.r.o., a corrugated packaging specialist based in Nýrsko, western Czechia, located very close to the German border.
About Power Packaging
- Focuses on complex corrugated board packaging.
- Generates EUR 4 million in annual revenues.
- Known for expertise in manual-intensive processes such as customised box production.
- Will continue operating under its existing management team and structure, ensuring continuity and stability.
Strategic Goals of the Partnership
- Integration of expertise: Power Packaging’s know-how will be combined with Palm’s established sales and production network.
- Family-owned continuity: Palm’s involvement ensures Power Packaging remains a family-owned business, aligned with Palm’s values and principles.
- Market expansion: The joint venture strengthens Palm’s position in the European market for complex packaging solutions.
- Broader product range: Customers will benefit from a more diverse offering, including tailored corrugated solutions.
Ralph Wakolbinger, Managing Director of Power Packaging: “By partnering with Palm, we have gained a strategically important partner who shares our goals and supports us in successfully developing major international projects, including those in the East.”
Expansion Strategy
Palm Group is actively pursuing expansion across Europe, and the joint venture with Power Packaging in Czechia is part of this broader growth trajectory. Earlier in June 2025, Palm finalized the acquisition of five corrugated packaging plants from International Paper, following approval by the European Commission and French antitrust authorities.
For reference
Palm Group is a family-owned company headquartered in Aalen, Baden-Württemberg, Germany. Founded in 1872, it is one of Europe’s leading producers of paper and packaging solutions. The company operates paper mills and packaging plants across Germany, the UK, and Czechia.
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