Duni Group Expands Nordic Presence with LinePack Oy Acquisition

Duni AB ( (SE:DUNI) ) has issued an announcement.

Duni Group has acquired an 80% stake in LinePack Oy, a Finnish company specializing in automated packaging solutions for the food industry. This strategic acquisition aims to enhance Duni’s Food Packaging Solutions business area, particularly in the Nordic market, by integrating LinePack’s advanced technology and local expertise. The acquisition is expected to double Duni’s revenue in food packaging in Finland and provide LinePack with access to a larger customer base and resources for accelerated growth.

The most recent analyst rating on (SE:DUNI) stock is a Buy with a SEK115.00 price target. To see the full list of analyst forecasts on Duni AB stock, see the SE:DUNI Stock Forecast page.

More about Duni AB

Duni Group is a market leader in sustainable dining and food packaging solutions for the restaurant market, operating under brands such as Duni, BioPak, and Paper+Design across more than 50 markets. The company, headquartered in Malmö, employs around 2,700 people in 26 countries and has production units in several countries including Sweden, Germany, and Thailand. It is listed on NASDAQ Stockholm.

Average Trading Volume: 39,591

Current Market Cap: SEK4.78B

For detailed information about DUNI stock, go to TipRanks’ Stock Analysis page.