In order to pursue its growth strategy and strengthen its footing on the German market, Dutch De Jong Packaging Group has bought the majoriy in German Wellpappenfabrik Grünstadt-Sausenheim.
Dutch De Jong Packaging Group (DJPG), based in De Lier, has acquired a majority share in German Wellpappenfabrik Grünstadt-Sausenheim (WSG). However, the German company will keep the control over its daily operations, DJPG said in a press release. The acquisition will contribute to both companies' strengthening their positions on the German market, said DJPG. WSG offered a complete range of customer-specific packaging and fitted very well in the growth strategy of DJPG, the company added.
"The new partnership with WSG is a big step for our development as a packaging group. The entrepreneurial philosophy of our family companies match and the future potential is there,” said Ad Smit, CEO of DJPG.
Axel Muhl, Managing Director of WSG, commented: "I am delighted that we have come together with De Jong Packaging Group. Their business philosophy and our shared values will ensure our common goals are achieved. From my first meeting with Henk De Jong, the owner of De Jong Packaging Group, and Ad Smit it was clear that we would develop a trusting relationship that would be to the benefit of all our valued customers and also both parties.”
The transaction is subject to the approval of the local competition and consumer authorities.
WSG was founded in 1937 as an independent family company and offers corrugated sheets (also coated), boxes, die-cut other packaging products for a broad range of end-use segments.
De Jong Packaging Group is a European family-owned company in the corrugated industry with multiple sites in The Netherlands, Germany, Belgium and UK. The company operates two corrugators, 16 processing machines and 46 tray erectors, with a total capacity of 2,5 million boxes per day.