The Wellpappenfabrik GmbH in Grünstadt-Sausenheim (WSG) and Dutch De Jong Packaging Group (DJPG) from De Lier have come to a strategic partnership. DJPG has acquired a majority share of WSG which will keep the control over the daily operations. Because of the acquisition DJPG will strengthen its position on the German market and WSG will have a stronger position on the German market with the backup from DJPG.
WSG offers a complete range of customer specific packaging and has a central location and therefore fits very well in the growth strategy of DJPG.
“The new partnership with WSG is a big step for our development as a packaging group. The entrepreneurial philosophy of our family companies match and the future potential is there,” says Ad Smit, CEO of DJPG, Axel Muhl.
The transaction is subject to the approval of the local competition and consumer authorities.