Freytag & Petersen acquires majority stake of Wagener Verpackung
Freytag & Petersen
Print & paper & packaging
Transfer Partners has advised Freytag & Petersen GmbH & Co. KG, headquartered in Cologne, in the acquisition of the majority shareholding in Wagener Verpackung GmbH, also located in Cologne, and comprehensively advised the Company on the initiation and completion of the transaction.
Freytag & Petersen acquires 75% of the shares in Wagener, while the previous sole shareholder Dirk Wagener will continue to hold 25% of the shares and will remain with the Company as managing director.
Since its foundation in 1920 and as a member company of the leading European specialist wholesale group IGEPA, Freytag & Petersen GmbH & Co. KG has developed into one of the most important companies in the wholesale of graphic products. With around 300 employees and locations in Cologne, Dortmund and Trier, Freytag & Petersen guarantees a high regional presence and on-time delivery through reliable logistics.
Wagener Verpackung GmbH was founded in 1920 and is a medium-sized family business operating throughout Europe. Over the past decades, the Company has established itself on the European market as a system supplier for individual transport and industrial packaging. Taking the consolidation tendencies of the packaging wholesale trade into account, the transaction provides the combined business with a comprehensive product portfolio and specialized logistics serving as key factors for the future success of Freytag & Petersen in the packaging wholesale business.
Transfer Partners' mandate on the side of the buyer ranged from the initiation to support of the transaction process, including the identification and selection of suitable acquisition options in the area of packaging wholesale, to the successful completion of the transaction.
Maybe interesting for you: