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Walki Group, a leading producer of technical laminates and protective packaging materials, today announced the completion of the acquisition of Meuwissen Industrie B.V., a producer of flexible packaging materials, and Meuwissen Bouwprodukten B.V., a specialist distributor of building and construction materials. Both businesses are located in The Netherlands, employing 65 persons in total, with net sales of 21 million Euros in 2010.
"The acquisition of Meuwissen is an important step for Walki as it will allow us to further develop our position as a leading producer of technical laminates and protective packaging materials", commented Leif Frilund, President and CEO of Walki Group. "Their location in the Netherlands is an excellent fit to Walki's existing plant network and they will increase our local coverage in the important central European markets".
Walki Group has announced that the Meuwissen businesses will be integrated into their Technical Products business area, which currently has production in Finland, Germany, Sweden, the UK and China.
"The knowledge, technical capability and flexible way of working at Meuwissen fits perfectly with Walki and together we will continue to offer the creative solutions that bring the value our customers expect from us", says Wolfgang Thissen, Vice President and General Manager of the Technical Products business area. "Additionally, their network of distribution channels will provide enhanced access to markets in Central Europe for the combined business, bringing benefits for the whole supply chain".
Jan Gerritsen, owner of Meuwissen Group, confirmed "I am convinced that Meuwissen has a good business platform which can be further developed with Walki's knowledge and expertise, and will become an important contributor to the future success of the Walki Group. We are pleased to be part of this exciting new development".
Wolfgang Thissen, Vice President and General Manager Technical Products will be appointed Managing Director of the acquired entities in addition to his present duties and he will be located in Haarlem.
Walki Group, owned by Nordic private equity investor CapMan and the company's management, acquired Meuwissen Industrie B.V. and Meuwissen Bouwprodukten B.V. from Meuwissen Holding B.V. The parties have agreed not to disclose the acquisition price.
For further information, please contact:
Leif Frilund, President and CEO, Walki Group
Tel: +358(0)40 354 3330
Wolfgang Thissen, Vice President and General Manager Technical Products
Tel: +49 (0) 173 576 3804
Walki in brief
Walki Group is a leading producer of technical laminates and protective packaging materials, specialising in the production of fibre based, intelligent, multilaminate products for markets as diverse as energy saving construction facings to barrier packaging applications. Walki Group has operations in Finland, Sweden, Germany, Poland, the UK, Russia and China with a workforce of approx. 1,000 people. Annual net sales for the Group are 300 million Euros.
Meuwissen in brief
Meuwissen is an independent, family owned company, founded in 1954. The company specialise in the manufacture of products for the construction, building and industrial packaging markets; adding value to their customers business by improving performance and helping to reduce the total cost of ownership, where Meuwissen products are used. The company employ 65 people from their base in Haarlem, The Netherlands. Annual net sales for the company are 21 million Euros. www.meuwissen-industrie.com