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
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
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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