Fortaleza Capital exclusive corporate finance adviser to Vegem Industriële Verpakkingen on the sale to Dimensio Verpakkingen
About Vegem: Vegem Industriële Verpakkingen (Vegem), established in 1982, has been a family business for almost 40 years. During this period the key strengths of the company have endured: an unmatched level of commitment to customers’ requirements, flexibility and low operating costs.
Vegem is focused on industrial packaging in a range of market segments for large and medium-sized enterprises. Customers are predominantly located in the South of the Netherlands and to a lesser extent Belgium, Germany and the UK.
Sales are realised across various industries including manufacturing, food, wholesaling, building & construction, e-commerce and logistics/distribution. The broad range of industrial packaging products includes cardboard/paper, polyethylene (PE) products, stretch film, tapes, protective/filling and strapping.
Ties van Veghel and Hans van Iersel, the previous owners, in response to the sale of Vegem 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 Vegem’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 Vegem, the group comprises Dimensio (waste bags), 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 Vegem joins our group, thereby further expanding Dimensio’s industrial packaging footprint in the Benelux market. Our industrial packaging companies Mapack, D.J. Hoogstraten and Vegem form a strong recipe for accelerated growth within the industrial packaging market.”
Vegem’s location will continue to operate in the current form and at the same address in Asten, the Netherlands. The company’s current management team, consisting of Ties van Veghel and Hans van Iersel, will remain responsible for daily business operations.