Fortaleza Capital exclusive corporate finance adviser to Van De Velde Packaging Group on the acquisition of Remmert Dekker Packaging
Fortaleza Capital is pleased to announce it acted as exclusive corporate finance adviser to Van De Velde Packaging Group on the acquisition of Remmert Dekker Packaging
Transaction background: Van De Velde Packaging Group has reached an agreement for the acquisition of 100% of the share capital of Remmert Dekker Packaging, based in Wormer (the Netherlands). For Van De Velde Packaging the acquisition fits seamlessly into its ambition to grow into an important player in folding carton and the associated manufacture of packaging machines. The acquisition of Remmert Dekker Packaging strengthens the position of Van De Velde Packaging – Folding Board, particularly in the market for innovative folding carton packaging for the food industry.
Philip Vanbelleghem, CEO of Van De Velde Packaging Group, about the acquisition: “Van De Velde Packaging Group is proud to include Remmert Dekker Packaging in its portfolio, whereby the extensive expertise and 125 years of experience of Remmert Dekker Packaging will contribute to building a solid future together. The international customer portfolio, scale and ambitions of Van De Velde Packaging Group offer Remmert Dekker Packaging long-term continuity, new growth opportunities and access to the experience and expertise of our broad, international packaging group.”
Remmert Dekker Packaging will continue to serve its customers in its familiar way from Wormer (the Netherlands) and focus on innovative packaging, especially within the food sector. This sector is on the rise thanks to the switch from plastic packaging to cardboard packaging. Sustainability is therefore a main motive in the actions of Remmert Dekker Packaging.
Role of Fortaleza Capital: This transaction constitutes the 7th advisory deal that Fortaleza Capital has successfully realised for Van De Velde Packaging Group. Through the assistance of Fortaleza Capital, Van De Velde Packaging Group has in recent years acquired – in addition to Remmert Dekker Packaging – the Netherlands-based folding carton companies VJD Folding Carton Packaging based in Joure, Veerkarton based in Assendelft, Vekopak based in Tilburg, Wesly Printing & Packaging based in Maastricht and Koninklijke Schut (Royal Schut) based in Eerbeek as well as the Germany-based folding carton company Fritz Nießen Bergische Kartonagenfabrik based in Velbert.
About Van De Velde Packaging Group: Van De Velde Packaging – Folding Board is the folding carton department within Van De Velde Packaging Group and currently has branches in Belgium, the Netherlands, France, Germany and Poland. The folding carton packaging that is produced is mainly distributed throughout the food, drink and healthcare markets. Furthermore, Van De Velde Packaging produces solid carton packaging in its factories in Wetteren (Belgium) and Poznan (Poland), packaging machines in Eerbeek (the Netherlands) and combipack packaging at PackAlim in Saint-Germain-sur-Moine (France). In addition to the aforementioned countries, the group’s sales organisation also encompasses Spain, Portugal and the United Kingdom.
As a family-run enterprise, Van De Velde Packaging 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. Since 2017, Van De Velde Packaging Group acquired several folding carton companies in the Netherlands, Belgium, France, Germany and Poland. Combining these complimentary enterprises into one strong organisation offers the group new opportunities to embrace the market shift toward folding carton packaging.
Van De Velde Packaging Group has approximately 750 employees and realises an annual turnover of approximately €150 million. The acquisition of Remmert Dekker Packaging adds another 80 employees and a turnover of approximately €15 million.