M&A advisors support cross-border deal in packaging sector

17 September 2021 Consultancy.eu 2 min. read

Swedish company OptiGroup has acquired Koemans Verpakkingen, a company from Bodegraven that specialises in industrial packaging products.

The deal sees OptiGroup continue its aggressive buy-and-build campaign globally. Under the wings of investor and majority shareholder Triton, the company has in the space of five years bolted-on more than 20 companies across its three main lines of business: facility management en food, packaging en paper, and business supplies. 

Koemans Verpakkingen (revenue of €28 million) has become part of the packaging division, and joins OptiGroup’s only other acquisition in the Netherlands – that of Moonen Packaging in the summer of 2018. 

M&A advisors support cross-border deal in packaging sector

“Following the acquisition of Moonen Packaging, we are today very pleased to continue our strategy of expansion in the Netherlands. With the addition of Koemans Verpakkingen, we bring a stronger offering to our customers in the country,” said Jesper Hall, Senior Vice President Packaging at OptiGroup. 

“It strengthens our position in supply solutions for wrapping and packaging products to customers in the transport sector, e-commerce companies, food- and manufacturing industry.”

Leading OptiGroup’s deal team during the transaction was Fortaleza Capital, which acted as exclusive corporate finance adviser. The firm was flanked by Deloitte (which provided financial and tax advisory services) and Loyens & Loeff (which provided legal expertise). At the other site of the table, seller Koemans Verpakkingen was advised by CapFit (corporate finance) and JBLaw (legal). 

Following the integration, Koemans Verpakkingen will continue to operate under its current brand, with brothers Frank Koemans and John Koemans to remain at the helm. 

Commenting on the joining of forces with the nearly €1 billion Swedish company, Frank Koemans said: “Koemans Verpakkingen has been our family business for many years and it has been very important for us to find the right long-term home for it. With OptiGroup we share both values and business philosophy and we truly look forward to continue developing the company with the resources and support from OptiGroup.”