P. Van De Velde Group further enhances position with Vekopak acquisition

P. Van De Velde Group has reached an agreement for the acquires 100% of the share capital of Vekopak, based in Tilburg (the Netherlands). Through this acquisition, P. Van de Velde Group further expands its folding carton activities, operating under the name Van De Velde Packaging. Michiel Martin and Nicole Bokern acted as legal advisors to P. Van De Velde Group.

The acquisition of Vekopak bolsters Van De Velde Packaging’s position in the market for custom-made folding carton packaging in small and medium-sized runs. Vekopak is specialised in the production of premium packaging and its applications include cold foil, spot UV varnish, gold varnish, relief varnish, soft touch varnish, foil print, window patching and embossing.

Vekopak, established in 1991, has grown into a market player occupying a unique niche position in the packaging industry with an outstanding reputation. With its state-of-the-art machinery, Vekopak produces folding carton packaging for an extensive and international customer base in the tobacco, cosmetics, beverage and food industries. Vekopak products perform optimally in the areas of protection, logistics, use and communication power. Vekopak will continue to operate in the current form and at the same location in Tilburg.

More expertise under one pan-European roof

As a family-run enterprise, P. Van De Velde Group has a long-term growth strategy and an expansive investment policy. Businesses within the group are led with considerable autonomy and leeway for local entrepreneurship while also benefiting from the support of centralised services.

Recently, P. Van De Velde Group acquired the folding carton companies Bergische Kartonagenfabrik (Velbert, Germany), Wesly Printing & Packaging (Maastricht, the Netherlands) and Royal Schut (Eerbeek, the Netherlands). Combining these complimentary enterprises into one strong organisation offers the group new opportunities to embrace the market shift toward folding carton packaging and folding synthetics packaging.

The folded carton packaging of Van De Velde Packaging is mainly distributed throughout the food, drink and healthcare markets. In addition, P. Van De Velde produces solid carton packaging in its factories in Wetteren (Belgium) and Poznan (Poland). P. Van De Velde Group processes some 70,000 tonnes of packaging annually with around 400 employees. The acquisition of Vekopak adds another 60 employees.

BarentsKrans acted as legal advisor to P. Van De Velde Group and Lansigt as financial advisor.