The Portuguese packaging division of Inapa, known as Inapa Packaging, was recently sold to the French company Next Pack for 20 million euros. This decision comes as part of Inapa’s restructuring efforts to manage its financial difficulties, which have been ongoing. The sale was approved by the creditors' assembly during the insolvency proceedings of Inapa. The transaction includes Inapa’s subsidiaries SEMAQ and Embaltec, which are also part of its packaging business portfolio.

The sale is a crucial step in Inapa’s strategy to stabilize its financial position by offloading non-strategic assets. Earlier, the company had announced its intention to focus on reducing its liabilities and improving liquidity by divesting these assets. The acquisition by Next Pack is expected to consolidate its position in the European packaging market, leveraging the expertise and assets from Inapa Packaging.

With no further contractual adjustments pending, the transaction is set to be completed without additional conditions. This move is seen as beneficial for both parties, allowing Inapa to focus on its core business areas while Next Pack expands its geographical reach and product offerings in the packaging sector.

Inapa, a major player in the paper distribution market, had been facing mounting pressure to restructure its operations, making this divestment a strategic necessity. As the packaging sector grows and evolves, this acquisition highlights the importance of consolidation and strategic positioning in the industry.