November 3, 2022 (press release) –
Walki Group has signed a definitive agreement to acquire 100 % of the shares in folian GmbH. Since 1999, the family-owned company has been providing forward-looking flexible packaging solutions for blue chip brands in the food industry. The company specializes in the production of high quality converted flexibles using 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. “I would like to warmly welcome the employees of folian to become part of our multinational organization. We are looking forward to working with our new colleagues at folian and jointly enter the next exciting phase of developing the business as part of the Walki family. We are also happy that Stefan and Manuela Muschter founders and the present Managing Directors will continue to lead folian.”
“We are very pleased to join forces with the Walki team, with which we share the same vision about more sustainable packaging solutions and which is committed to our companies’ long-term growth. We believe that by combining our market knowledge and strong customer focus with Walki’s deep material know-how and R&D capabilities, we can provide even stronger benefits to our customers and a successful future for our employees,” say Stefan and Manuela Muschter.
folian will support the continued growth of Walki’s flexible packaging business and will become part of the global Business Area Consumer Packaging.
The transaction is pending upon approval from the relevant competition authorities. 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
Nikolaus Wolfram, EVP Consumer Packaging, tel. +49 1525 9658118
Wolfgang Thissen, CFO Walki, tel. + 49 173 643 3081
About Walki
At Walki, we believe in a sustainable and circular tomorrow. Our mission is to accelerate the world’s transition into a zero-waste future in packaging and promote the use of energy efficient materials across industries. Walki’s product solutions are designed to bring value to customers in many different markets; from sustainable materials for packaging applications to energy saving performance materials.
Walki is a growing international group organized in three business areas: Consumer Packaging, Industrial Packaging and Engineered Materials, with operations in twelve different countries, both in Europe and Asia. Our production facilities are located in Finland, Germany, Belgium, France, Spain, the UK, Poland, Russia and China. Walki is currently employing more than 1 600 people and expects the sales turnover to exceed 700 MEUR in 2022. To best cater to our global customers, we aim to continue investing in state-of-the-art production facilities and promoting our tradition of innovation and exceptional service worldwide.
About folian
folian is a Germany-based specialist for high-quality flexographic printing of packaging materials. Founded in 1999 and family-run to date, the company is a key supplier for large companies in the food industry. folian has a value-adding service offering covering printing and downstream finishing such as laminating, laser perforation and scribing, and roll slitting. With around 94 employees, folian has been rewarded for its sustainability focus both for its operations and product offerings, such as the use of water-based printing inks.
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