Walki Group has signed a definitive agreement to acquire 100 percent of the shares in folian GmbH.
Since 1999, the family-owned company has been providing flexible packaging solutions for blue chip brands in the food industry.
The company specializes in the production of converted flexibles using flexographic printing and other downstream finishing services.
In 2021, folian generated sales of EUR 27 million. Employing some 94 employees, folian is located in Stralsund, Germany.
folian 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 competition authorities. The parties have agreed not to disclose the purchase price or the terms of the transaction.