Bong puts even more focus on growing its ProPac range

Bong puts even more focus on growing its ProPac range

As a part of Bong’s efforts to further grow its ProPac range (specialty
packaging), a new business unit has been formed, Bong Packaging Solutions.
ProPac has grown by about 30 percent annually in recent years and net sales in
2011 amounted to more than SEK 500 million. The trend towards more distance
shopping (e.g. e-business), a growing need for attractive and easy-to-use gift
bags in retail stores, and higher security requirements for many shipments has
resulted in an increasing demand for ProPac products.

Bong Packaging Solutions will mainly focus on three areas: Gift bags and other
solutions for gift packaging in retail stores (Retail Solutions), Machinery and
materials to effectively package products purchased through e-commerce or mail
order (e-business /Machinery), and various types of security packaging made from
Tyvek® or similar materials (Security Solutions). Furthermore, Bong Packaging
Solutions will have the product management and assortment responsibility for
Bong's total range of ProPac products. Initially, two manufacturing units (Nybro
and Luxembourg) will be included in Bong Packaging Solutions. The goal is to
continue to achieve a rapid organic growth with the ProPac range in the coming
years and, if the right opportunity arises, also make complementary
acquisitions.

Morgan Bosson has been a member of Bong's Leadership Team since 2005 and so far
worked in parallel with the Nordic countries, Russia and ProPac. Morgan will
take the position as Business Unit Manager/Managing Director for Bong Packaging
Solutions on a full-time basis from April 2012. The recruitment of a new
Business Unit Manager for Nordic and Russia is underway. Until a new manager is
in place, Bong’s CEO, Anders Davidsson, will take the role as Business Unit
Manager Nordic and Russia.