Pickering Pacific advises on the sale of a majority stake in Asiapack to Elanders Group

Pickering Pacific advises the shareholder of Asiapack Limited on the sale of a 80% stake to Elanders Group.

Asiapack Limited is a Hong Kong-based provider of value-added contract packaging services to various international manufacturers of consumer goods. The company has a subsidiary in Shenzen, China, and currently employs some 220 people.

Elanders Group is a listed Swedish Company specialized in supply chain management, printing and packaging. The Group operates in 20 countries worldwide and generated over USD 750m of revenue in 2016.