Walki Group has signed a definitive agreement to acquire 100% of the shares in Westpak Oy Ab and Flexipack Oy Ab. Since years, these two companies form an integrated value chain, providing high quality flexible packaging solutions to leading Nordic food brands.
In 2021 Flexipack and Westpak generated combined sales of about Euro 40 million. Together they are employing some 100 employees. Westpak is based in Säkylä, Finland, whilst Flexipack production facility is located in Vaasa, Finland.
“With this acquisition we continue to implement our strategy to expand our offering of more sustainable packaging alternatives by leveraging on our strong material science know-how. Flexipack and Westpak have a very complementary offering of high-quality printed products and a proven commitment to a dedicated customer service” says Leif Frilund, President and CEO of Walki Group.
Flexipack and Westpak will support the continued growth of Walki’s flexible packaging business and will become part of the global Business Area Consumer Packaging.
The transaction is pending upon approval from the relevant competitive authorities. The parties have agreed not to disclose the purchase price or the terms of the transaction.
