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Nefab acquires French packaging company

Sep 13, 2011

The global packaging group Nefab AB, headquartered in Jönköping in Sweden, has acquired the French packaging company Peinetti SAS.

The acquisition broadens Nefab's offer to customers in energy production and power transmission, and is a part of the group's long-term growth strategy.

Peinetti is a leading packaging company in France, with focus on the energy industry and heavy-duty packaging.

Sales in the part of the company that Nefab plans to keep in the long term amounted to about EUR 8 million in 2010.

The company has two manufacturing units, located near Lyon and Grenoble, and about 80 employees.

"In the Nefab Group, we have identified three segments - telecom, energy and automotive - in which our packaging solutions have great opportunities to boost customers' profitability while accelerating our own growth," says Stefan Ekqvist, CEO of the Nefab Group.

"The acquisition of Peinetti SAS is in-line with the strategy, strengthening our position with several key customers in the energy segment."

"The market is becoming increasingly 'glocal'; global energy customers expect global coordination combined with competitive service in the local market," explains Olivier de Guitaut, head of business development at Nefab. "The acquisition of Peinetti increases our presence in a critical region, while expanding our range with heavy-duty packaging on the French market."

MEDIA & ANALYST CONTACT:
Stefan Ekqvist, CEO
+46 706 713005

Olivier de Guitaut, Executive Vice President, Business development
+33 603 910 805

Nefab delivers complete packaging solutions to international industrial groups, with special focus on the telecom, electronics, automotive, energy, medical and machinery industries.

Nefab has offices in 35 countries and over 3,000 employees. Sales in 2010 amounted to about USD 450 million. The primary owners of the group are Nordic Capital and the Nordgren/Pihl family, which founded the company. For more information about Nefab, please visit www.nefab.com

About Nordic Capital Private Equity Funds

Since the start in 1989, Nordic Capital Private Equity Funds have invested in large and medium sized companies, primarily in Northern Europe. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital creates value in its investments. The funds invest in companies in Northern Europe and in selected investment opportunities internationally. They are based in Jersey, Channel Islands, and are advised by the NC Advisory companies in Sweden, Denmark, Finland, Norway, Germany and the UK. Additional information about Nordic Capital is available through its corporate website, www.nordiccapital.com

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