European print and facilities supplies distributor OptiGroup has signed an agreement to acquire Dutch packaging distributor Packagegroup Moonen (Moonen Packaging) for undisclosed sum.
Employing around 80 people, Moonen Packaging is engaged in distribution of packaging solutions in the Benelux.
The firm designs, develops, sources, stocks, sells and distributes customised packaging solutions as well as hygiene paper, cleaning and catering products.
Scheduled to be completed during summer this year, the transaction is subject to approval by the Dutch Competition Authority.
OptiGroup pesident 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.
“Subject to clearance by the Dutch competition authority, we look forward to working together closely. We will provide further information at the appropriate time.”
The acquisition of Moonen Packaging follows OptiGroup’s recent acquisitions three other packaging distributors including Telpak and Mercamer in Finland, and Proxima in Romania.
Moonen Packaging managing director and third generation owner Gé Moonen said: “Moonen Packaging has been our family business for many years and it has been very important for me to find the right long-term home for the company and all our employees.
“Potentially becoming part of OptiGroup means that we can develop the business even faster and with access to OptiGroup’s wider assortment.”
OptiGroup provides facility and foodservice solutions, industrial and safety solutions, printing and creative solutions and retail and reseller Solutions to the European customers.
With net sales of €1.5bn in 2016, the group employs 2,100 employees and supports over90,000 customers in 19 countries across Europe.