Walki buys Meuwissen Industrie

Walki Group, a Finnish producer of technical laminates and protective packaging materials, has acquired Dutch flexible packaging materials producer Meuwissen Industrie BV.
 
The Meuwissen businesses will be integrated into the Walki Group technical products business area, which currently has production facilities in Finland, Germany, Sweden, the UK and China.

Leif Frilund, president and chief executive officer of Walki Group, said: ‘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. Its location in the Netherlands is an excellent fit to Walki's existing plant network and it will increase our local coverage in the important central European markets.’

Wolfgang Thissen, vice president and general manager of the technical products business area, has been appointed managing director of the acquired entities in addition to his present duties, and said: ‘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. Additionally, its 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, added: ‘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.’

Walki also acquired Meuwissen Bouwprodukten BV from Meuwissen Holding BV. Both parties have agreed not to disclose the acquisition price.