Fortaleza Capital acted as exclusive corporate finance adviser to the shareholders of Vekopak on the sale of the company to P. Van De Velde Group
About Vekopak: Vekopak, established in 1991, develops and manufactures custom-made, premium folding carton packaging. Specialised applications include cold foil, spot UV varnish, gold varnish, relief varnish, soft touch varnish, foil print, window patching and embossing. Consequently, the company has grown into a market player occupying a unique niche position in the packaging industry with an outstanding reputation.
With 60 employees and state-of-the-art machinery, Vekopak produces folding carton packaging in small and medium-sized runs for an extensive and international customer base in the tobacco, cosmetics, beverage and food industries. Vekopak products perform optimally in the areas of protection, logistics, use and communication power.
Michel van Kuringe, one of the previous owners of Vekopak, in response to the sale of Vekopak to P. Van De Velde Group: “Our product ranges are very complementary. We also share the same core values: craftsmanship, reliability, agility and service. The international client portfolio, scale and ambitions of P. Van De Velde Group offer our company long-term continuity, new avenues to grow and access to the experience and expertise of a large, international folding carton specialist.”
About P. Van De Velde Group: P. Van De Velde Group is a family-owned business with 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.
Through the acquisition of Vekopak (Tilburg, NL), P. Van de Velde Group further expands its folding carton activities, operating under the name Van De Velde Packaging. Recently, P. Van De Velde Group acquired the folding carton companies Bergische Kartonagenfabrik (Velbert, Germany), Wesly Printing & Packaging (Maastricht, NL) and Royal Schut (Eerbeek, NL). In addition, Van De Velde Packaging has folding carton activities in Lichtervelde (Belgium) and Kruishoutem (Belgium). Combining these complimentary enterprises into one strong organisation offers the group new opportunities to embrace the market shift toward folding carton packaging and folding synthetics packaging. The folded carton packaging is mainly distributed throughout the food, drink and healthcare markets.
P. Van De Velde furthermore produces solid carton packaging in its factories in Wetteren (Belgium) and Poznan (Poland). Altogether, P. Van De Velde Group processes some 70,000 tonnes of packaging annually with around 460 employees.
Vekopak will continue to operate in the current form and at the same location in Tilburg and its current management team, led by Michel van Kuringe and Marco Ruiter, will remain responsible for daily business operations.