LONDON, 07-Oct-2016 — /EuropaWire/ — PEMCO AS has completed the sale of Peterson Packaging, the largest independent corrugated packaging provider in Scandinavia, to VPK. Pöyry Capital acted as financial adviser to PEMCO.
Peterson Packaging manufactures corrugated packaging, Point-of-Sale solutions and corrugated sheets for Scandinavian FMCG and industrial clients. In 2015 Peterson achieved a turnover of EUR 150 million and had approximately 800 employees.
With the acquisition, VPK, one of the most successful integrated packaging companies in Europe, continues to deliver on its growth strategy in the corrugated packaging sector and has now gained an important manufacturing footprint in the Scandinavia corrugated packaging market.
Celedonio Moncayo, Managing Director at Pöyry Capital commented “We are thrilled to announce this closing. PEMCO has done a tremendous job in restructuring and improving the Peterson Packaging operations in Scandinavia. We thank PEMCO for selecting us to help them through this sale process. We believe that Peterson is a good complement to VPK. VPK and its Blue Box Partners are now able to supply corrugated packaging solutions to Pan-European FMCG and Industrial clients in Scandinavia, Western Europe and the Iberian Peninsula”.
Pöyry Capital is the investment banking advisory arm of the Pöyry Group focusing on transactions in the energy, forest products and packaging industries.
Managing Director, Pöyry Capital, London
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Did You Know? Pöyry Capital has over seventeen years of financial advisory experience in the forestland, industrial, paper, packaging, chemicals, building products and energy sectors.
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry’s net sales in 2015 were EUR 575 million and the company’s shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).
SOURCE: Pöyry PLC