Clearwater has advised Meuwissen, producer of building and construction products, on its sale to Walki Group (Walki), producer of technical laminates and protective packaging materials.
Meuwissen is an independent, family-owned company, founded in 1954 and located in Haarlem, the Netherlands. The company produce extrusion coated flexible multi-layer products for the building, construction, and industrial packaging markets. Meuwissen’s products add value to their customers business by protecting their products and buildings against their environment, resulting in a reduction of the total cost of ownership.
Walki is a leading producer of technical laminates and protective packaging materials, specialising in the production of fibre based, intelligent, multi-laminate products for markets as diverse as energy saving construction facings to barrier packaging applications. The group has operations in Finland, Sweden, Germany, Poland, the UK, Russia, and China, with a workforce of approximately 1,000 people. Walki is owned by Nordic private equity investor CapMan and Walki’s management, with annual net sales of €300m.
The acquisition of Meuwissen is an important step in Walki’s European expansion plan. Walki will benefit from Meuwissen’s entrepreneurship and strong European client network, while Walki’s state-of-the-art technical knowledge will contribute to the product development and production process of Meuwissen.
