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Abris Capital sells Dot2Dot to Van Genechten Packaging
Frankfurt (DE)/ Vienna (AT)/ Turnhout (BEL)/ Warszawa (POL) — Dot2Dot, a leading Polish manufacturer of premium folding cartons and portfolio company of Abris Capital Partners (Warsaw), is to become part of the Van Genechten Packaging Group.
The packaging specialist from Belgium is thus driving forward consolidation in the packaging sector.
— MP Corporate Finance, leading international M&A advisor for the European industrial sector, exclusively advised Abris Capital Partners on the sale of Dot2Dot.
Dot2Dot, headquartered in Danzing and with an additional production site in Warsaw, is regarded as a leading provider of innovative and sustainable folding carton packaging in the premium segment in its home market of Poland.
With its outstanding innovative strength in design and production as well as the highest ESG standards, Dot2Dot serves a diverse customer base that includes multinational blue-chip manufacturers as well as companies from the beauty, personal care, food and non-food sectors.
Since 2015, Dot2Dot has been owned by the international private equity firm Abris Capital Partners, which has transformed the company into one of the big players in the packaging sector through a targeted buy & build strategy.
With around 350 employees and annual sales of EUR 55 million, Dot2Dot is now the largest independent premium folding carton manufacturer in Central and Eastern Europe. Strategic merger of two industry leaders With the now successfully realized exit, Abris Capital Partners is transferring its stake to Van Genechten Packaging from Belgium, which is thus significantly expanding its already leading position in the fast-growing and highly attractive Eastern European market.
With an annual turnover of around EUR 450 million, Van Genechten is one of the largest independent packaging manufacturers in Europe, focusing on so-called FMCG packaging (Fast Moving Consumer Goods).
In addition to the company headquarters in Turnhout, Belgium, the packaging specialist operates twelve folding carton sites, an extrusion site and a design and production center for reference cartons and is therefore active in nine countries worldwide. Ongoing consolidation as a clear driver in the international packaging market For MP Corporate Finance, the merger of the two European players marks the third successfully completed transaction in the fiber-based packaging sector within ten months and the 81st accompanied transaction in the packaging sector. “The sale of Dot2Dot to Van Genechten is another example of how the packaging sector is continuing to consolidate at a European level. The growing attractiveness of the Eastern European market for many packaging players is also noticeably driving M&A activity and underlines the trend towards nearshoring, which has been brought to the fore by Covid,” says
Alexander Kubo, Managing Partner at MP Corporate Finance. Edgar Kolesnik, Partner at Abris Capital Partners, says: “In the search for a new growth partner for Dot2Dot, MP Corporate Finance has once again demonstrated its extensive industry expertise. The MP team managed the sales process excellently, demonstrating a deep understanding of market dynamics and investors. Particularly in such a highly competitive international auction, strategic insight is crucial in addition to commitment and professionalism.”
In addition to Dot2Dot, MP Corporate Finance recently also successfully realized the sale of the international listed Aluflexpack Group and the sale of the Italian MS Packaging to Hinojosa from Spain. About MP Corporate Finance MP Corporate Finance is the leading international M&A consultancy specializing in the industrial sector.
As an experienced partner for medium-sized companies and management teams, private equity decision-makers as well as entrepreneurial confidants, MP handles complex transactions on both the sell and buy side and provides support in the context of capital procurement, buy & build strategies, carve-outs and throughout the entire private equity lifecycle.
MP was founded in Vienna in the 1990s by Roman Göd and Gregor Nischer as the first European M&A firm with a sector-focused advisory approach.
Today, the company employs more than 75 experienced hands-on experts at five locations worldwide — in Vienna, Frankfurt, London, Istanbul and Chicago — making it the largest industrial M&A team in Europe.
With its unique sector focus, MP has successfully advised on more than 700 industrial transactions for investment companies, SMEs and corporations to date.
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