One Equity Partners (“OEP”) has entered into a definitive agreement to sell Walki Holding Oy, a pan-European supplier of sustainable and high-performing packaging and engineered materials solutions, to Oji Holdings Corporation, a Japanese paper products technology company.
Founded in 1930 and headquartered in Espoo, Finland, Walki is a specialty packaging materials manufacturer, offering consumer and industrial packaging for food and specialty consumer products, as well as engineered materials, such as insulation and fire-retardant facings, sustainable membranes, and protective clothing applications. The Company has 17 production facilities worldwide and employs more than 1,700 people. OEP's acquisition of Walki closed in July 2018.
During OEP’s ownership, Walki saw revenue growth of over 125% and made significant investments in long-term environmental sustainability. Investments included the development of alternative materials and production methods to give customers the flexibility to choose the most appropriate packaging solution to mitigate environmental impact. Walki completed seven acquisitions over OEP’s hold period, including that of Plasbel Plásticos in 2021, to leverage its expertise in producing recycled and compostable packaging and support significant expansion of the Valkeakoski facility in Finland.
One Equity Partners is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe.
