Walki Group Oy has completed the acquisition of Westpak and Flexipack
Walki Group announces today that it has completed the acquisition of 100 % of the shares of Westpak Oy Ab and Flexipack Oy Ab.
The acquisition of Westpak and Flexipack strengthens Walki’s position as a provider of converted flexible packaging solutions in the Nordics. Since years, these two companies form an integrated value chain, providing high quality flexible packaging solutions to leading Nordic food brands.
In 2021 Flexipack and Westpak generated combined sales of about EUR 40 million. Together they are employing some 100 employees. Westpak is based in Säkylä, Finland, whilst Flexipack production facility is located in Vaasa, Finland.
“With this acquisition we continue to implement our strategy to expand our offering of more sustainable packaging alternatives by leveraging on our strong material science know-how. Flexipack and Westpak have a very complementary offering of high-quality printed products and a proven commitment to a dedicated customer service”, says Leif Frilund, President and CEO of Walki Group.
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