Elopak
Elopak is a Norwegian public packaging company supplying paper-based cartons (Pure-Pak Sense, D-PAK) and proprietary filling equipment to global food, beverage, and household care manufacturers, generating EUR 1.2 billion in 2025 revenue across 40+ countries.
- Company typePublic
- Founded1957
- HeadquartersOslo, Norway
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Elopak does
Elopak is a Norwegian public limited company (ASA) founded in 1957 and listed on the Oslo Stock Exchange under the ticker ELO. The company designs and manufactures paper-based packaging solutions—primarily gable-top and aseptic cartons—along with proprietary filling equipment for liquid food and household care products. Its flagship Pure-Pak Sense carton platform serves fresh dairy, yoghurts, plant-based beverages, and hybrid dairy-plant protein products, with shelf life extension up to 60 days enabled by HEPA filtration through an exclusive Shikoku filling machine partnership. The D-PAK product line extends the company's fiber-based carton technology into household care applications, targeting plastic replacement in laundry detergent and cleaning products through collaborations with Dow and Orkla Home and Personal Care. Underlying technology includes Natural Brown Board sustainable materials and aseptic filling capability that produces 83g CO2 equivalent per litre versus 156g for PET plastic bottles.
Elopak operates a B2B enterprise sales model selling directly to food and beverage manufacturers across more than 40 countries, with over 3,000 employees globally and revenue generated through packaging material sales, filling equipment hardware, and service/maintenance contracts. Named enterprise customers include Farm Dairy (Netherlands), CLUN (Spain), Sainsbury's (UK), smol, Omo, Paperdent, Orkla Home and Personal Care, and Clean Cult. In 2025, Elopak crossed EUR 1.2 billion in full-year revenue for the first time, reporting 15% revenue growth and a 14.6% EBITDA margin in Q4 2025, with the Americas segment delivering 28% constant currency growth.
The company is executing a 'Repackaging tomorrow' strategy unveiled in March 2025, targeting approximately EUR 2 billion in revenue by 2030 with 4-6% annual organic revenue growth and 15-17% adjusted EBITDA margin targets. Geographic expansion is concentrated in the Americas (with $130M invested in a Little Rock, Arkansas facility opened in April 2025 with a third $30M production line added in late 2025), MENA, and India, while a June 2026 multi-year strategic IT partnership with Tata Consultancy Services (TCS) will deploy the Cognix AI-powered platform to modernize global IT operations. Elopak maintains a 2x leverage ratio and has proposed a EUR 0.102 per share dividend representing 59% of net profit for 2025.
Elopak firmographics
Firmographics- Name
- Elopak
- Legal name
- Elopak ASA
- Website
- https://elopak.com
- Company type
- Public
- Founded year
- 1957
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Elopak is a Norwegian public packaging company supplying paper-based cartons (Pure-Pak Sense, D-PAK) and proprietary filling equipment to global food, beverage, and household care manufacturers, generating EUR 1.2 billion in 2025 revenue across 40+ countries.
- Ownership category
- akta.pro rank
Elopak industry classification
Industry- Product category
- Paper-Based Packaging Solutions
- NAICS
- Folding Paperboard Box Manufacturing (322212), Corrugated and Solid Fiber Box Manufacturing (322211), Packaging Machinery Manufacturing (333993)
- SIC
- Paperboard Containers & Boxes (2650), Papers & Allied Products (2600)
- akta.pro primary industry
- Liquid Cartons & Aseptic Packaging (Gable-Top, Tetra-Style) (IMALACAG)
- akta.pro secondary industries
- Folding Cartons & Paperboard Packaging Converting (IMAMAHAB), Folding Carton & Paperboard Packaging Printing (IMALAKAH), Cartoning & Case Packing Systems (IMAHAOAB), Beverage Packaging (Bottles, Cans, Cartons, Kegs) (IMALAHAD)
Keywords
Where Elopak is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
Elopak business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Paper-based Packaging Sales: Sale of paper-based cartons and packaging solutions to food and beverage manufacturers, including Pure-Pak Sense and D-PAK product lines
- Filling Equipment and Machinery: Sale and installation of filling machines including Shikoku filling equipment for production facilities
- Service and Maintenance: Support services for filling equipment and packaging operations
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Elopak product offering
Product offeringCore offering
Elopak manufactures and sells paper-based packaging cartons (notably Pure-Pak Sense gable-top cartons and D-PAK fibre-based cartons) used by liquid food and household-care brand owners, and supplies, installs and services aseptic filling equipment (including Shikoku machines) for dairy, plant-based beverages, juice and household product manufacturers. The company earns revenue from carton sales, filling-equipment sales and installation, and related professional services such as maintenance and spare parts.
Product overview
Elopak is a global supplier of paper-based packaging solutions operating in over 40 countries. The company offers a portfolio of carton products centered on the Pure-Pak Sense platform for food and beverage applications and D-PAK™ for household care, along with associated filling equipment. The portfolio is complemented by the 'Repackaging tomorrow' strategy launched in September 2024, which positions plastic replacement as a core growth pillar.
Differentiator
Problem solved
Functional benefit
Brands
- Pure-Pak Sense: Aseptic carton packaging used for dairy, plant-based products, and hybrid varieties
- D-PAK
Products and services
- Pure-Pak Sense
Quantifiable outcome
- 83g CO2 equivalent per litre vs 156g for PET plastic bottles
- +2 more outcomes
Companies that use Elopak
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles2 records
Elopak technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Elopak partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Tata Consultancy Services (TCS)coreMulti-year strategic IT partnership where TCS serves as Elopak's strategic IT partner, leading global AI-led transformation of IT operations. TCS deploys its Cognix AI-powered service delivery platform to modernize IT service management, enterprise applications, and create a process-centric operating model across Elopak's global business. Partnership aims to improve operational efficiency, agility, and digital experiences while supporting Elopak's broader strategy of market expansion and reducing plastic dependence.
- Orkla Home and Personal CaremajorCollaboration to roll out D-PAK cartons incorporating recycled and renewable polymers for household care products. D-PAK represents a sustainable packaging solution targeting plastic replacement in the household care segment.
- DowmajorStrategic collaboration with Dow to develop D-PAK cartons incorporating recycled and renewable polymers for sustainable household care packaging solutions.
- Clean CultminorPaper-based cleaning products brand available at Target, Costco and Whole Foods, representing Elopak's reach into retail consumer market.
- Stora EnsomajorJoint discussion on packaging innovations addressing food waste, including shelf-life extension through advanced filling machines, fiber-based solutions, and strategic lightweighting. Both companies highlighted sustainable packaging approaches.
- ShikokucoreFilling machine technology partner supplying filling equipment installed at customer facilities including Farm Dairy's Lelystad site for production of dairy, plant-based, and hybrid products.
- Farm DairycoreLong-standing partnership celebrating installation of two new Shikoku filling machines at Farm Dairy's site in Lelystad, The Netherlands. New filling lines enable production of fresh dairy, yoghurts, plant-based products, and hybrid varieties using Elopak's Pure-Pak Sense cartons. In 2025, Farm Dairy launched hybrid dairy-plant protein products in 750ml cartons aimed at reducing greenhouse gas emissions.
- Sainsbury'smajorRetail partner for D-PAK fibre-based cartons for household care applications including laundry detergent, part of Elopak's plastic replacement strategy.
- smolmajorBrand partner using D-PAK fibre-based cartons for household care applications since relaunch in 2021.
- OmomajorBrand partner using D-PAK fibre-based cartons for laundry detergent products since relaunch in 2021.
- PaperdentminorBrand partner using D-PAK fibre-based cartons for household care applications since relaunch in 2021.
Scale indicators16 records
Recent moves9 records
Expansion highlights5 records
Elopak competitors and assessment
Company assessmentBroad incumbents
- Sonoco Products: Global packaging manufacturer with paperboard, rigid plastics, and consumer packaging lines. Comparable as a public packaging peer serving FMCG customers, though Elopak is more specialized in fiber-based liquid packaging.
- Mondi: European paper and packaging group with significant corrugated and paperboard capacity. Comparable upstream and downstream exposure to the same paperboard substrate economics that drive Elopak's input costs.
- Sealed Air: Global packaging incumbent with food and protective packaging lines. Comparable as a broad food-packaging player serving similar FMCG customers, though Elopak is more specialized in fiber-based liquid cartons.
- Stora Enso: Nordic paperboard and biomaterials producer that supplies substrate into packaging. Already an Elopak innovation partner on fiber-based solutions and shelf-life extension; comparable as both an upstream supplier and a packaging-adjacent incumbent.
- Graphic Packaging: US paperboard packaging producer focused on folding cartons for food and beverage. Comparable in fiber-based folding cartons and substrate economics, though focused on shelf-ready cartons rather than liquid-fill aseptic formats.
- Smurfit Westrock: Largest global paper-based packaging company after the Smurfit Kappa/WestRock merger. Comparable in corrugated and consumer paperboard packaging for FMCG, though scale and breadth far exceed Elopak's specialist focus.
- Huhtamäki: Finnish food and consumer packaging group with fiber-based and flexible packaging. Overlaps with Elopak in food-service and FMCG fiber packaging, including liquid cartons and household care substrates.
Emerging players
- Pactiv Evergreen: North American food and beverage packaging producer with paper-based and fiber product lines. Comparable as a packaging peer serving food and beverage customers in the Americas — directly relevant to Elopak's US growth thesis via Little Rock.
Direct peers
- Tetra Pak: The global market leader in aseptic carton packaging for liquid food (Pure-Pak's primary category). Directly comparable to Elopak across gable-top cartons, filling equipment, and dairy/beverage customers worldwide.
- SIG Group: Swiss-listed aseptic carton and bag-in-box packaging supplier competing head-to-head with Elopak in liquid food and beverage cartons. Closest direct public peer given overlapping product portfolio and end markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Elopak social profiles
Digital presenceElopak financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elopak leadership team
Management profileNumber of profiles
Profiles1 record
Elopak funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elopak M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elopak
What does Elopak do?
Elopak manufactures and sells paper-based packaging cartons (notably Pure-Pak Sense gable-top cartons and D-PAK fibre-based cartons) used by liquid food and household-care brand owners, and supplies, installs and services aseptic filling equipment (including Shikoku machines) for dairy, plant-based beverages, juice and household product manufacturers. The company earns revenue from carton sales, filling-equipment sales and installation, and related professional services such as maintenance and spare parts.
Is Elopak a public or private company?
Elopak is a public company. It is classified as public and is currently operating.
When was Elopak founded?
Elopak was founded in 1957. It employs 1,001 to 5,000 people.
Where is Elopak based?
Elopak is headquartered in Oslo, Norway, in the Europe region.
How does Elopak make money?
Three revenue lines are on record. Paper-based Packaging Sales are the primary driver. The others are filling Equipment and Machinery and service and Maintenance.
Who are Elopak's main competitors?
Broad incumbents on record are Sonoco Products, Mondi, Sealed Air, Stora Enso, Graphic Packaging, Smurfit Westrock and Huhtamäki. Pactiv Evergreen is listed as an emerging player. Direct peers are Tetra Pak and SIG Group.
Does Elopak have an API?
No public API is recorded for Elopak.
What industry is Elopak in?
Elopak's product category is Paper-Based Packaging Solutions. Its primary akta.pro industry code is IMALACAG, Liquid Cartons & Aseptic Packaging (Gable-Top, Tetra-Style), with a secondary code of IMAMAHAB, Folding Cartons & Paperboard Packaging Converting. Its NAICS code is 322212 and its SIC code is 2650.