One Equity Partners sells Duropack Group to DS Smith

Published: March 04, 2015

FRANKFURT, GERMANY | FRANKFURTFunds advised by One Equity Partners (OEP) has sold the Duropack Group, a paper and corrugated board manufacturer, to the packaging company DS Smith for approximately €300m. The transaction is subject to approval from the relevant antitrust authorities and is likely to be closed in the second quarter of 2015. OEP acquired the company in 2009 when it acquired the majority of Constantia Packaging and subsequently delisted it from the stock market.

“The Duropack Group is well positioned in the growing packaging industry,” says Melchior von Peter, managing director at OEP. “[Duropack CEO] Rob Jan Renders and the management team, along with all the employees of Duropack, have done an excellent job in advancing Duropack’s customer offering and market position. On behalf of OEP, I would like to say thank you for the excellent collaboration.”

Headquartered in Vienna, Austria, Duropack has 15 main production sites, employs approximately 2,600 people, and generated sales of €273m and an EBITDA of €41m in 2014. It is a specialist for heavy-duty goods, high-flexo, and multicolor printing for a variety of customer branches.

OEP reports it has continuously supported Duropack’s growth of market share and position in Central, East, and Southeastern Europe and sharpened the company’s focus on packaging.

Rob Jan Renders says, “Together with OEP, we have taken Duropack forward as a reliable, flexible, and creative partner for our customers. This was a successful and constructive time for the company as well as the management team. We now look forward to continuing our positive development with DS Smith to further create value for our customers and business partners.”

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