Walki Group has completed the acquisition of the German flexible packaging specialist, folian GmbH
Walki Group announces today that it has completed the acquisition of 100 % of the shares of folian GmbH, a German provider of flexible packaging solutions.
The acquisition will support the continued growth of Walki’s flexible packaging business and support the value chain expansion strategy in the production of high quality converted flexibles using lamination techniques, 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.
“We are very pleased to join forces with the Walki team, with which we share the same vision about more innovative packaging solutions and which is committed to our companies’ long-term growth,” say Stefan and Manuela Muschter, founders and present Managing Directors of folian GmbH, who will continue to lead the company.
The parties have agreed not to disclose the purchase price or the terms of the transaction.
For more information, please contact:
Leif Frilund, CEO Walki, tel. +358 40 354 3330
Wolfgang Thissen, CFO Walki, tel. + 49 173 643 3081