P. Van De Velde Group further strengthens position in folding carton with Bergische Kartonagenfabrik acquisition
Wetteren, 4 October 2018 ‒ P. Van De Velde Group has reached an agreement for the acquisition of 100% of the share capital of Bergische Kartonagenfabrik Fritz Nießen, based in Velbert (Germany). With this acquisition, P. Van de Velde expands its folding carton activities, operating under the name Van De Velde Packaging, further in the German market.
Recently, P. Van De Velde Group already acquired the Netherlands-based folding carton companies Wesly Printing & Packaging (Maastricht) and Royal Schut (Eerbeek). Combining these complimentary enterprises into one strong organisation offers the group new opportunities to embrace the pan-European market shift toward folding carton packaging and folding synthetics packaging.
As a family-run enterprise, P. Van De Velde Group has a long-term growth strategy and an expansive investment policy. Businesses within the group are led with considerable autonomy and leeway for local entrepreneurship while also benefiting from the support of centralised services.
Bergische Kartonagenfabrik’s location will continue to operate in the current form and at the same address in Velbert (North Rhine-Westphalia, Germany). The company’s current management team will remain responsible for daily business operations.
Bergische Kartonagenfabrik, established in 1931 by Fritz Nießen in Velbert, expanded over time from a small family-run business to a solid market player in the packaging industry with a strong reputation. Bergische Kartonagenfabrik operates state-of-the-art machinery and is specialised in the manufacture of cardboard products for both the food and non-food sector for its extensive customer base in Germany, the Netherlands, Belgium and France.
Fortaleza Capital acted in this transaction as corporate finance advisor to P. Van De Velde Group, Oppenhoff & Partner as legal advisor and DELTA Revision as financial advisor: www.fortalezacapital.nl ; www.oppenhoff.eu ; www.delta-revision.de.
Nachfolgekontor acted as corporate finance advisor to Bergische Kartonagenfabrik: www.nachfolgekontor.de.