East Asia



Deal type

Growth capital

Investment date


Status date


Paper protection

Paper packaging is the unsung hero of much of our day-to-day life; it’s something we don’t need to worry about: it’s just there.

Inpac is the largest paper packaging company in Northern China: a one-stop service, fulfilling paper and packaging requirements with a just-in-time (four hour) capability between order and delivery.

It produces a wide range of products, from corrugated paper boxes, folded carton boxes, inside pulp trays, user manuals to special gift boxes. Its customers include Nokia, Samsung, McDonald’s and Mars Foods.

Actis sold its stake in Inpac to Stora Enso. Stora Enso had known Inpac and its founder Mr Guo, for years. After watching the company sustain itself and emerge much stronger from the worst economic recession in 30 years, Stora Enso decided to acquire the company as part of its China growth strategy.

Throughout the course of the investment, Actis provided a strong guidance to Inpac. Actis recruited a COO, worked closely with local banks to provide financing during the financial crisis and convinced the Inpac management that the only way they would make it through the difficult economic climate was by staying focused on the core business. Since Actis’ investment in 2007, Inpac’s sales doubled.