Packaging
Walki strengthen its foothold in Central Europe by acquiring the packaging specialist folian GmbH
Monday 07. November 2022 - Walki Group has signed a definitive agreement to acquire 100 % of the shares in folian GmbH. Since 1999, the family-owned company has been providing forward-looking flexible packaging solutions for blue chip brands in the food industry.
The company specializes in the production of high quality converted flexibles using flexographic printing and other downstream finishing services. In 2021, folian generated sales of EUR 27 million. Employing some 94 employees, folian is located in Stralsund, Germany.
“With this acquisition we continue to implement our value chain expansion strategy and to strengthen our presence in the prominent Central European market. With unique capabilities such as the use of water-based printing inks, folian compliments Walki´s extensive portfolio by offering lower CO2 footprint solutions in comparison with more conventional alternatives” says Leif Frilund, President and CEO of Walki Group. “I would like to warmly welcome the employees of folian to become part of our multinational organization. We are looking forward to working with our new colleagues at folian and jointly enter the next exciting phase of developing the business as part of the Walki family. We are also happy that Stefan and Manuela Muschter founders and the present Managing Directors will continue to lead folian.”
“We are very pleased to join forces with the Walki team, with which we share the same vision about more sustainable packaging solutions and which is committed to our companies long-term growth. We believe that by combining our market knowledge and strong customer focus with Walkis deep material know-how and R&D capabilities, we can provide even stronger benefits to our customers and a successful future for our employees,” say Stefan and Manuela Muschter
folian will support the continued growth of Walkis flexible packaging business and will become part of the global Business Area Consumer Packaging.
The transaction is pending upon approval from the relevant competition authorities. The parties have agreed not to disclose the purchase price or the terms of the transaction.