Creditors of Inapa Portugal have greenlit the sale of Inapa Packaging to Black and Blue Investimentos, an investment firm owned by businessman Carlos Martins, founder and chairman of Martifer. The approval marks the final step in a €600,000 deal that includes three key Inapa assets: Inapa Portugal (€390,000), Inapa Comunicação Visual (€80,000), and now Inapa Packaging (€130,000).
The insolvency administrator, Bruno da Costa Pereira, confirmed that with the sale of all three units now approved, the transaction will be formalized next week and is expected to close by the end of April.
Inapa IPG, the paper and packaging group, filed for insolvency in July 2024 after its German subsidiary faced a €12 million cash shortfall with no viable resolution. Founded in 1965, Inapa has long held a leading position in Portugal’s paper and packaging distribution market. The group’s main shareholder is the state-owned holding company Parpública, which holds 44.89% of its capital.
Following the insolvency announcement, Parpública's board was replaced by the Finance Ministry in August, with Joaquim Cadete taking over leadership from José Realinho de Matos.
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