OptiGroup to acquire Moonen Packaging
OptiGroup has agreed to acquire 100 percent 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. The purchase price has not been disclosed.
Moonen, with revenues of EUR 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 disposables, hygiene paper, cleaning and catering products.
Moonen is a European leader in the field of sustainability with focus on cost-effective and environmentally friendly packaging solutions for the industrial and retail sector. It has won the prestigious “most sustainable company in the Netherlands” award.
The acquisition of Moonen follows the recent acquisitions of three other packaging distributors by OptiGroup: Telpak and Mercamer in Finland, and Proxima in Romania. 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 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.”
Gé Moonen, Managing Director and third generation owner of Moonen comments: “Moonen Packaging has been our family business for many years and it has been very important for me to find the right long-term home for the company and all our employees. Potentially becoming part of OptiGroup means that we can develop the business even faster and with access to OptiGroup’s wider assortment. I am certain this combination will benefit existing and new customers and suppliers. OptiGroup shares my passion for sustainable packaging, which is also very important.”
The transaction is subject to approval by the Dutch Competition Authority.