P. Van de Velde Group has reached an agreement for their acquisition of 100% of the share capital of Bergische Kartonagenfabrik Fritz Niessen, based in Velbert, Germany.
With this acquisition, P. Van de Velde expands its folding carton activities, operating under the name Van de Velde Packaging, further in the German market.
Recently, P. Van de Velde Group already acquired the Netherlands based folding carton companies Wesly Printing & Packaging in Maastricht and Royal Schut in Eerbeek.
Bergische Kartonagenfabrik’s location will continue to operate in the current form and at the same address in Velbert, North-Rine-Westphalia, Germany. The company’s current management team will remain responsible for daily business operations. The German company manufactures cardboard products for both the food and non-food sector in Germany, the Netherlands, Belgium and France.
Fortaleza Capital acted in this transaction as corporate finance advisor to P. Van de Velde Group, Oppenhoff & Partner as legal advisor and DELTA Revision as financial advisor.
Nachfolgekontor acted as corporate finance advisor to Bergische Kartonagenfabrik.
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