Fortaleza Capital acted as exclusive corporate finance adviser to Dimensio Verpakkingen on the acquisition of Global Flexibles Europe
About Global Flexibles Europe: Global Flexibles Europe (GFE), established in 1994, is an internationally operating trading company in flexible film, packaging materials and related products. Sales are realised across various industries with a particular focus on the food sector. GFE is the Dutch sales agent for leading European manufacturers of flexible packaging materials. End products packaged in GFE’s packaging materials can be found at virtually all retailers in Europe such as Albert Heijn, Jumbo, Lidl, Aldi, Edeka, Carrefour and Tesco.
Products offered include topseal films, thermoform films, flowpack films for form, fill and seal machines, paper laminates and doypacks, bread bags and vacuum bags. In addition, GFE provides value-added services in the form of packaging advice and supervising artwork, film testing and, if desired, monitoring print quality during the printing process. Apart from high-quality products, GFE guarantees its customers fast delivery times, personal service and stock-keeping so that products can be delivered ‘on demand’.
Bert Verheij, the previous owner, in response to the sale of GFE to Dimensio Verpakkingen: “The scale of Dimensio Verpakkingen combined with its entrepreneurial culture provides us with the opportunity to grow even faster. Our product ranges complement and reinforce each other perfectly. Further advantages of combining our businesses are economies of scale in purchasing and access to Dimensio’s brand-new state-of-the-art warehouse in Almere (the Netherlands). Joining Dimensio Verpakkingen thus strengthens Global Flexibles Europe’s market position and ensures the long-term continuity for both our customers and employees.”
About Dimensio Verpakkingen: Dimensio Verpakkingen focuses on packaging for the B2B market. In addition to GFE, the group comprises Dimensio (waste bags), Vegem Industriële Verpakkingen (industrial packaging), D.J. Hoogstraten Verpakkingsmaterialen (industrial packaging), Mapack (industrial packaging), Havelaar Verpakkingen (packaging for bakeries), Chocapack (packaging for chocolate products) and Food Disposables (disposables for the food industry).
Dimensio Verpakkingen has a long-term growth strategy and an expansionary 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.
Caspar Jacobs, CEO of Dimensio Verpakkingen: “We are pleased that Global Flexibles Europe joins our group, thereby further expanding Dimensio’s food packaging footprint in the Benelux market. Our food packaging companies Havelaar Verpakkingen, Chocapack and Global Flexibles Europe form a strong recipe for accelerated growth within the food packaging market.”
With the addition of GFE, total annual sales of Dimensio Verpakkingen amount to approximately €100 million.
GFE’s location will continue to operate in its current form and at the same address in Krimpen aan den IJssel, the Netherlands. The company’s current management team, consisting of Bert Verheij, Johannes den Hartogh and Dick Kuperus will remain responsible for daily business operations.