OptiGroup has closed an acquisition of Dutch packaging distributor Packagegroup Moonen following approval by the Dutch Competition Authority.
OptiGroup and Moonen signed the acquisition agreement last month.
Go deeper with GlobalData
Founded in the 1950s, Moonen designs, develops and distributes food and non-food packaging, as well as hygiene products, disposables and packaging materials to the retail, food, hospitality and catering industries. It aims to deliver cost-effective and environmentally friendly packaging solutions.
The firm currently employs around 80 workers and saw revenues of €51m last year.
At the time of signing the deal, OptiGroup president and CEO Christoph Sander said: “We have followed Moonen Packaging for a long time as a European leader in sustainable packaging, with a strong market position in the Benelux and a long history of developing innovative products and services.”
This move represents OptiGroup’s fourth recent acquisition following the purchase of Telpak and Mercamer in Finland, and Proxima in Romania.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMoonen Packaging will continue to operate under the leadership of Gé Moonen, who has developed the company for the last 12 years.
Financial terms of the transaction have not been disclosed.
OptiGroup distributes business essentials as part of safety, facility, industrial packaging and printing and creative solutions.
The company’s net sales for last year stood at €1.5bn.
