OptiGroup has agreed to acquire 100% of the shares of the Dutch packaging distributor Packagegroup Moonen B.V. The transaction, which is subject to approval by the Dutch Competition Authority, is expected to be completed during the summer, as the company says in the press release received by Lesprom Network.
Moonen Packaging will continue to be led by Gé Moonen, who has successfully grown and developed the Company for the last 12 years.
OptiGroup's President and CEO, Christoph Sander comments: "We have followed Moonen Packaging for a long time as a European leader in sustainable packaging, with a strong market position in the Benelux and a long history of developing innovative products and services. Subject to clearance by the Dutch competition authority, we look forward to working together closely. We will provide further information at the appropriate time."
Moonen Packaging, with revenues of Euro 51 million in 2017 and around 80 employees, has been a family business since the 1950s and is a leading and fast growing distributor of packaging solutions in the Benelux. The company designs, develops, sources, stocks, sells and distributes customised packaging solutions as well as hygiene paper, cleaning and catering products.
