Nefab acquires French packaging company
September 13 2011
The global packaging group Nefab AB, headquartered in
Jönköping in Sweden, has acquired the French packaging company
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
"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
+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
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland and Norway. For further information about Nordic Capital, please visit www.nordiccapital.com.