External release_Walki acquires Meuwissen.pdf

walki.com

External release_Walki acquires Meuwissen.pdf

3 October 2011Walki Group buys Meuwissen and strengthens its leadingposition in multi-layer laminatesWalki 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 offlexible packaging materials, and Meuwissen Bouwprodukten B.V., a specialist distributor ofbuilding 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 furtherdevelop our position as a leading producer of technical laminates and protective packagingmaterials", commented Leif Frilund, President and CEO of Walki Group. "Their location in theNetherlands is an excellent fit to Walki's existing plant network and they will increase our localcoverage in the important central European markets".Walki Group has announced that the Meuwissen businesses will be integrated into theirTechnical 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 perfectlywith Walki and together we will continue to offer the creative solutions that bring the value ourcustomers expect from us", says Wolfgang Thissen, Vice President and General Manager ofthe Technical Products business area. "Additionally, their network of distribution channels willprovide enhanced access to markets in Central Europe for the combined business, bringingbenefits for the whole supply chain".Jan Gerritsen, owner of Meuwissen Group, confirmed "I am convinced that Meuwissen has agood business platform which can be further developed with Walki's knowledge andexpertise, 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 beappointed Managing Director of the acquired entities in addition to his present duties and hewill be located in Haarlem.Walki Group, owned by Nordic private equity investor CapMan and the company’smanagement, acquired Meuwissen Industrie B.V. and Meuwissen Bouwprodukten B.V. fromMeuwissen Holding B.V. The parties have agreed not to disclose the acquisition price.For further information, please contact:Leif Frilund, President and CEO, Walki GroupTel: +358(0)40 354 3330Wolfgang Thissen, Vice President and General Manager Technical ProductsTel: +49 (0) 173 576 3804


Walki in briefWalki Group is a leading producer of technical laminates and protective packaging materials,specialising in the production of fibre based, intelligent, multilaminate products for markets asdiverse as energy saving construction facings to barrier packaging applications. Walki Grouphas operations in Finland, Sweden, Germany, Poland, the UK, Russia and China with aworkforce of approx. 1,000 people. Annual net sales for the Group are 300 million Euros.www.walki.comMeuwissen in briefMeuwissen is an independent, family owned company, founded in 1954. The companyspecialise in the manufacture of products for the construction, building and industrialpackaging markets; adding value to their customers business by improving performance andhelping to reduce the total cost of ownership, where Meuwissen products are used. Thecompany employ 65 people from their base in Haarlem, The Netherlands. Annual net salesfor the company are 21 million Euros.www.meuwissen-industrie.com

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