OptiGroup AB has acquired 100 percent of the shares of family owned packaging group, Moonen B.V. in the Netherlands. The transaction was recently completed following the approval granted by the Dutch Competition Authority.
With revenues of €51 million in 2017 and consisting of 80 employees, Moonen has been a family business since the 1950's and is a major distributor of packaging solutions in the Benelux.
Meeting the demands of the fast-growing market, Moonen designs, develops, sources, stocks, sells and distributes customised packaging solutions as well as hygiene paper, cleaning and catering products.
The purchase price of the acquisition has not been disclosed.
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