Wistrand advises Tingstad on acquisition of Converflex
Wistrand has advised Tingstad Group on its acquisition of the packaging company Converflex Aktiebolag.
Converflex manufactures and sells paper-based packaging for food and industries.
Tingstad, which in December 2022 acquired the packaging company Optipack AB, expands its business in the packaging industry through the acquisition of Converflex.
Tingstad is a market leading business supplier of consumables, workwear and equipment within various industries. Tingstad has an annual turnover of approximately SEK 3,5 billion and has 550 employees. Tingstad is also the parent company of Norbag AB and Jonsac AB, which manufacture and sell various types of bags and industrial sacks.