P. Van De Velde Group has reached an agreement for the acquisition of 100% of Royal Schut shares. With this acquisition, P. Van de Velde will further expand its folding carton activities, which operate under the name Van De Velde Packaging. Combining two complimentary enterprises into one strong organisation offers the group new opportunities to embrace the market shift toward folding carton packaging and folding synthetics packaging.
Van De Velde Packaging is the folding carton department within P. Van De Velde Group and is active in Lichtervelde (Belgium), Kruishoutem (Belgium) and Poznan (Poland). Carton packaging is distributed throughout the food, drink and healthcare markets. In addition, P. Van De Velde produces solidboard packaging at its factory in Wetteren (Belgium). P. Van De Velde Group processes some 40,000 tonnes of packaging annually and the Royal Schut acquisition will add an additional 10,000 tonnes.
The acquisition solidifies Van De Velde Packaging’s position in Europe and within the Dutch market in particular. Focused on future growth the Group has a long-term growth strategy and an expansive investment policy. Jos Hoogendijk, General Director of Royal Schut, in response to the acquisition said, “I’m very enthusiastic about the opportunities that this will provide our company. The international client portfolio and the ambitions of P. Van De Velde Group will enable us to achieve our growth objectives.”
The Royal Schut locations will continue to operate in the current form and at the same address in Eerbeek. Schut’s current management team will remain responsible for daily business operations.