Amsterdam – CFI is pleased to announce it has acted as the exclusive corporate finance advisor to Oerlemans Packaging Group in its acquisition of Verpakkingsindustrie Stempher (‘Stempher’).
Oerlemans Packaging Group is an independent, family owned Dutch producer of customer-specific, flexible high quality plastic packaging and films led by CEO Mr Hanegraaf. After this acquisition Oerlemans Packaging Group consists of seven affiliates and ten production locations (Fardem, Flexpak, Oerlemans Plastics, Oosterwolde Plastic Industry, Perfon, Plasthill and Stempher). Including the most recent acquisition, Oerlemans Packaging Group employs 750 people and total revenues will reach EUR 240 million.
Founded in 1890, Stempher produces paper and polyethylene bags, tube and foil for various market segments at two production sites in Rijssen. Products are delivered worldwide in a wide range of product-market combinations: dairy (milk/wheat powder), food, feed, pet food, agricultural industry, potting soils, peat and fertilisers, chemical, building materials, sand, gravel and wood/straw fiber industry. These include paper open mouth/cross bottom and valve bags, mono- and co-extruded flat film, tubular and heavy-duty bags and bales. In total approximately 120 employees work at two production locations in Rijssen.
Through the targeted acquisition of Stempher, additional production capacity, a strengthening of the market position through higher purchasing volumes and new skills were gained. “This acquisition further expands the product portfolio of the Oerlemans Packaging Group and enables us to serve our customers even better with a wide range of packaging solutions and films,” explains Mr Hanegraaf; “We see that both culture and mentality of these companies fit well together in terms of values and standards. Stempher is also very active in sustainability programs – in line with Oerlemans Packaging’s credo – “the Sustainable Innovator.”
Managing Director of Stempher, Mr Arjan van de Werve also adds: “In addition to broadening the product range to include paper bags, we also have a lot to offer in terms of innovation and quality. With the Oerlemans Packaging Group as the new owner, we create a unique position with six sister companies. We have an incredible amount of confidence in this group for these reasons.”
The acquisition has been completed after a careful process of consultation with the involved stakeholders of both parties. With the new situation, Stempher will also cooperate with the Oerlemans Technology Centre and the Oerlemans Repro Centre, which will further accelerate developments in research, product innovation and reprography. This way everyone at the Oerlemans Packaging Group is working on further growth, supported by a now extended group of almost 750 committed professionals.
CFI introduced Stempher to the Oerlemans Packaging Group and guided the discussions and negotiations that ultimately resulted in a successful acquisition of Stempher. The transaction has been completed on 3 January 2022. This transaction further emphasises CFI’s dedication to and expertise in the Plastic, Paper & Packaging sector.
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Asteria Labels & Packaging, an international group active in production of a wide range printed packaging materials has acquired Ero-Etikett, a familiy owned printing company specialized in self-adhesive labels, located in the Stuttgart region. Asteria is backed by Waterland Private Equity.
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