On December 30, Trioworld Group signed an agreement to acquire the German company Wentus, a leading player in solutions for high-performance food-, consumer- and hygiene packaging, from Egeria Group.
“We are very pleased and excited to welcome Wentus into the Trioworld group. The acquisition will give us the opportunity to grow an even stronger position in the market for advanced food-, consumer- and hygiene packaging, in Europe and in North America. Wentus has a proven track record of supplying the market with premium products and superior support, to maximise value for customers. “We have great confidence in the capabilities of the Wentus organisation and management and look forward to joining forces and continuing the successful journey,” says Andreas Malmberg, CEO of the Trioworld Group.
“We are very pleased to have found a partner in Trioworld that is a perfect fit for us and whose product portfolio is ideally complemented by Wentus. We are looking forward to working with a professional and ambitious team that we have already had the opportunity to get to know intensively during the sales process and whose management culture suits us well,” says Mr. Christof Renz, managing director of Wentus. “Both parties bring strong product portfolios to the market, with unrivalled service and competence. Together we will be able to create more value for our customers,” continues Mr. Renz.
The transaction is subject to customary regulatory requirements and approvals. The Trioworld Group will, after the transaction is completed, own 100% of the shares.
