CapMan's portfolio company Walki to sell the majority of its Industrial Packaging business
(Thomson Reuters ONE) -
CapMan Press Release 22.5.2015 at 2.25 p.m. EEST
CapMan's portfolio company Walki to sell the majority of its Industrial
Packaging business
Walki Group, the leading producer of protective packaging materials and
technical laminates, announces today that it has entered into an agreement with
international packaging and paper group Mondi to sell its Pietarsaari plant in
Finland and the Wroclaw plant in Poland.
The two facilities with aggregated sales of ?113 million in 2014 constitute the
major part of Walki's Industrial Packaging business, producing primarily
packaging material for the paper industry as well as for the corrugated board
industry. Post-transaction Walki will have sales of approx. 200 MEUR and eight
manufacturing plants. The proposed transaction enables Walki to focus all its
resources on the growing markets of energy saving laminates and membranes for
building purposes, as well as on selected segments of the consumer packaging
market. The funds obtained from the partial exit will be used to strengthen
Walki's balance sheet and finance growth investments.
The planned transaction is subject to competition clearance. Walki Group is a
portfolio company of the CapMan Buyout VIII fund and the CapMan Mezzanine IV
fund.
For more information, please contact:
Anders Björkell, Partner, CapMan Buyout, tel. +358 (0)207 207 502
Leif Frilund, President and CEO, Walki Group, tel. +358 (0)403543330
About CapMan Group (www.capman.com)
CapMan is one of the European leaders in the private equity industry. For more
than 25 years, we have been developing companies and real estate and supporting
their sustainable growth. We are committed to understanding the needs of our
customers in an ever-changing market environment. We provide attractive returns
and innovative solutions for our investors and value adding services for
professional investment partnerships, growth-oriented companies and tenants. Our
independent investment partnerships - Buyout, Real Estate, Russia and Credit -
as well as our associated company Norvestia are responsible for investment
activities and value creation. CapMan's service business offering includes
fundraising advisory services, purchasing activities and fund management
services to both internal and external customers. CapMan has 100 private equity
professionals and assets under management of ?3.0 billion.
About Walki Group (www.walki.com)
Walki Group is a leading producer of technical laminates and protective
packaging materials, specializing in the production of fibre based, intelligent,
multi- layer laminate products for markets as diverse as energy saving
construction facings to barrier packaging applications. Walki Group is present
in eleven countries with operations in Finland, Germany, the Netherlands,
Poland, Russia, the UK and China with a workforce of about 900 people. Annual
net sales of the Group are more than ?300 million.
About Mondi (www.mondigroup.com)
Mondi is an international packaging and paper Group, employing around 25,000
people across more than 30 countries. The key operations are located in central
Europe, Russia, North America and South Africa. Mondi offers over 100 packaging
and paper products, customised into more than 100,000 different solutions for
customers and end consumers.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via GlobeNewswire
[HUG#1923506]
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2015 - 13:25 Uhr
Sprache: Deutsch
News-ID 395321
Anzahl Zeichen: 4201
contact information:
Town:
Helsinki
Kategorie:
Business News
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