WEPA to Acquire Netherlands-based Van Houtum
Van Houtum produces hygienic papers and innovative washroom solutions. The company has an annual paper production capacity of 42,000 tonnes per year.
May 17, 2017 - WEPA on May 5 announced that it has signed a contract to acquire all shares in Van Houtum Group Holding B.V., located in the Netherlands. The acquisition is expected to be concluded in the coming weeks and is subject to the approval of the competition authorities.
The contracting parties have agreed not to disclose the purchase price.
Van Houtum produces in Swalmen, in the Netherlands, with 200 employees exclusively for the Away-from-Home (AfH) segment achieving a turnover of EUR 60 million. With the Satino Black brand, Van Houtum has established a leading position in the market for sustainable product solutions.
“We are looking forward to further develop with Van Houtum an AfH-specialist rooted in tradition and the Satino brand in the WEPA Group,” said Martin Krengel, CEO of the WEPA Group. The values of the family business are very similar and the product ranges complement each other well.
“WEPA intends on expanding the Satino brand and the private label offering, especially from the specialized AfH-locations in Müschede, Piechowice and Swalmen, as well as to offer from a single source,” he explained.
Henk van Houtum, Owner of Van Houtum, commented, “I am very delighted that our family business is moving into such good hands this way.”
The Managing Director of Van Houtum, Bas Gehlen, added, “I am convinced that the company Van Houtum and the Satino brand have a better perspective in the WEPA Group than today as an independent company.”
Van Houtum produces hygienic paper. Together with our 200 employees, we produce approximately 42,000 tonnes of paper each year. Our annual turnover is currently approximately 60 million euros.
Van Houtum has been producing hygienic papers and innovative washroom solutions for more than 80 years. The company has an annual paper production capacity of 42,000 tonnes per year.
The WEPA Group is one of the three largest providers in the European tissue market, with over 3,000 employees and a turnover of approximately EUR 1 billion. This takeover would also turn WEPA into a major player in the Away-from-Home sector, with a turnover of over EUR 180 million.
SOURCE: WEPA Hygieneprodukte GmbH