adapa Group acquires manufacturers of premium packaging
adapa Group acquires manufacturers of premium packaging
- adapa invests in highly specialised production centres
- Group likely to grow to over 400 million euros in 2018
- Further acquisitions targeted
Baden, 13th February 2018 – adapa Group, Baden/Austria, continues to grow and acquires from the Clondalkin Group, Utrecht, Netherlands, the following producers of premium packaging: Cats-Hänsel with the two sites Cats Packaging B.V., Rotterdam/Netherlands and Hänsel Flexible Packaging GmbH, Freital/Germany, as well as Nimax B.V., Elst/Netherlands. Through this adapa strengthens its position in the sector of premium packaging for the confectionary and tea market. The three locations with about 135 employees generate a sales volume of over 30 million euros (2017). With these acquisitions, turnover is likely to grow to over 400 million euros in 2018. In the segment wax, paper and film packaging for confectionery alone, adapa thus achieves a turnover of over 80 million euros and is among the largest providers in Europe in this sector. “These companies fit perfectly into our growth strategy. In parallel, we are investing in our plant network to build up our highly specialised production locations further and thus creating additional added value for our customers,” says Michael Schernthaner, Managing Director of the adapa Group.
The intended transaction is subject to internal and external approvals including the approval by the relevant competition authorities.