Walki Group buys packaging company

Walki Group recently announced the completion of the acquisition of Meuwissen Industrie B.V., a producer of flexible packaging materials, and Meuwissen Bouwprodukten B.V., a specialist distributor of building and construction materials. Both businesses are located in The Netherlands, employing 65 persons in total, with net sales of 21 million Euros in 2010.

"The acquisition of Meuwissen is an important step for Walki as it will allow us to further develop our position as a leading producer of technical laminates and protective packaging materials", commented Leif Frilund, President and CEO of Walki Group. "Their location in the Netherlands is an excellent fit to Walki's existing plant network and they will increase our local coverage in the important central European markets".

Walki Group has announced that the Meuwissen businesses will be integrated into their Technical Products business area, which currently has production in Finland, Germany, Sweden, the UK and China.