Trioworld to acquire Flexoplast
Trioworld Group has signed an agreement to acquire the Dutch company Flexoplast, a leading player in solutions for high performance food, beverage and industrial packaging, from the Clondalkin Group.
“We are very pleased to welcome Flexoplast into the Trioworld group. Flexoplast has shown very strong development over the past years, also during Covid times, supporting customers with high performance packaging solutions. The company is well invested and management focused on broadening the product offering and increasing service levels to customers. With our joint forces we hope to continue this successful journey,” says Andreas Malmberg, CEO of the Trioworld Group.
“We see Trioworld as a very good owner and partner in developing our business to the next level. Trioworld and Flexoplast share the same views on long term sustainable development, built on customer driven innovation and solid quality products,” says Wietse van den Bosch, Managing Director at Flexoplast. “Both parties bring strong product portfolios to the market, with unrivalled service and competence. Together we will be able to create more value for our customers,” continues Mr. van den Bosch.
The transaction is subject to customary regulatory requirements and approvals. The Trioworld Group will, after the transaction is completed, own 100% of the shares.
Dutch-based company Flexoplast started production of plastic films in 1961, and is a leading producer and supplier of premium food, beverage and industrial packaging based on Polyethylene. The company has a strong market position in Western Europe. Turnover of Flexoplast is 60 MEUR with a total of 180 employees. Head office is located in Harlingen combined with production facilities in Wieringerwerf and Harlingen.
About Trioworld Group
Trioworld was founded in 1965 and since 2018 in the ownership of Altor Fund IV. Altor is one of the leading Nordic Private Equity firms, focused in building world class companies. Driven by continuous development of innovative and sustainable plastic film products Trioworld is one of the leaders in the
segment, with a turnover of 520 million EUR and approximately 1.200 employees. The group´s head office is located in Smålandsstenar, Sweden. Production is located in Sweden, Denmark, the Netherlands and France and the products are sold on the global market.