23 Feb 2015
One Equity Partners (OEP) sells the Duropack Group to DS Smith
- Leading paper and corrugated board manufacturer in Central, East and South Eastern Europe
- Successful development since acquisition by OEP in 2009
- Sales price of approximately € 300m
One Equity Partners have sold the Duropack Group to the packaging company DS Smith for approximately € 300m. The transaction is subject to approval from the relevant antitrust authorities and is likely to be closed in the second quarter of 2015. OEP acquired the company in 2009 when it acquired the majority of Constantia Packaging AG and subsequently delisted it from the stock market.
"The Duropack Group is well positioned in the growing packaging industry. Rob Jan Renders and the management team, along with all the employees of Duropack, have done an excellent job in advancing Duropack's customer offering and market position. On behalf of OEP, I would like to say thank you for the excellent collaboration" said Melchior von Peter, Managing Director at OEP.
Headquartered in Vienna, Austria, Duropack has 15 main production sites and is the leading paper and corrugated board manufacturer in Central, East and South Eastern Europe. The company employs around 2,600 people and generated sales of € 273m and an EBITDA of € 41m in 2014. It provides innovative customer-oriented niche products and services and is a specialist for heavy duty goods, high-flexo and multicolor printing for a variety of customer branches.
OEP continuously supported Duropack's growth of market share and position in Central, East and South Eastern Europe and sharpened the company's focus on packaging.
Rob Jan Renders, CEO of Duropack: "Together with OEP, we have taken Duropack forward as a reliable, flexible and creative partner for our customers. This was a successful and constructive time for the company as well as the management team. We now look forward to continuing our positive development with DS Smith to further create value for our customers and business partners."
Press contact for OEP:
Norbert Selle
CNC Communications & Network Consulting AG
Mobile: +49 175 180 5982
Email: norbert.selle@cnc-communications.com
Press contact for the Duropack Group:
Claudia Schenz
Phone: +43 1 86 300 280
Email: claudia.schenz@duropack.eu
