We have advised Westpak and Flexipack, packaging materials producers for the food industry and technical industries, on the sale to Walki Group, a leading producer of technical laminates and protective packaging material. The acquired companies form an integrated value chain, providing high quality flexible packaging solutions to leading Nordic food brands, with emphasis on products and a proven commitment to dedicated customer service. In 2021 Flexipack and Westpak generated combined sales of about €40m. Westpak is based in Säkylä, Finland, while the Flexipack production facility is located in Vaasa, Finland.
Walki is a leading producer of technical laminates and protective packaging materials organised under three units: consumer packaging, industrial packaging and engineered materials. Walki’s mission is to accelerate the world’s transition to a zero-waste future in packaging and promote the use of energy-efficient materials across industries. It expects a turnover for this year of more than €700m. One Equity Partners, a middle-market private equity firm, has been the main owner of Walki since 2018.
The offering of the acquired companies is complementary and combines Westpak’s and Flexipack’s market knowledge and customer focus with Walki’s strong R&D capabilities and European footprint, thus delivering strong benefits to their customers in the changing market and a successful future for the employees of the sold companies.
