Nov 13, 2013. /Lesprom Network/. Inapa through its subsidiary Inapa Packaging has acquired Realpack GmbH, a German packaging company. This transaction is part of the strategic plan, namely in the scope of the priority for development of complementary businesses to paper, with higher profitability and growth prospects, as the company said in the press release received by Lesprom Network. 

Complementary businesses, before this acquisition, accounted for 13% of turnover and 28% of the Group operating results (EBIT).

With this investment, Inapa becomes the fourth largest player in Germany and expands its operations to the Southern part of the country achieving the national coverage of the German market.

The company was acquired net debt free. This acquisition was mainly financed through internal cash flow and proceeds that have been generated with the sale on non-core assets in German market. The transaction will generate a positive impact in the consolidated net income and balance sheet of the Group.

Realpack was founded in 1975 and has its headquarters in Wimsheim, near Stuttgart, with a capacity of 4,500 sqm. In 2012 the company had a turnover of almost Euro 10 million with an EBITDA margin of 11%. The company is focused in providing packaging solutions in the protective packaging segment, having was an extensive stock range which is complemented by customized solutions (using cardboard, corrugated board, foam or films). Its operations are ISO 9001 certified.