NORDENIA Focuses on Fast Moving Consumer Goods

By 31/03/2012, the worldwide operating NORDENIA Group will have sold the business area FIBC (Flexible Intermediate Bulk Containers) and Liners within the framework of a management buyout.

By 31/03/2012, the worldwide operating NORDENIA Group will have sold the business area FIBC (Flexible Intermediate Bulk Containers) and Liners within the framework of a management buyout.

The business of NORDENIA DEUTSCHLAND Emsdetten will be merged into EMPAC GmbH. NORDENIA POLSKA Starogard GD. Sp. z o.o. is now named STARPAC Sp. z o.o. The new managing partners of EMPAC GmbH are Richard Sievers and Michael Hans. Both have been working in Emsdetten for over 25 years. Richard Sievers was Managing Director of NORDENIA DEUTSCHLAND Emsdetten GmbH for 15 years. Jacek Borzeszkowski, who was Managing Director of NORDENIA POLSKA Starogard GD. Sp. z o.o. for over 15 years, will continue to be Managing Director of the Starogard site.

All parties have agreed not to disclose the purchase price and other details about the transaction. With the sale of NORDENIA DEUTSCHLAND Emsdetten GmbH and NORDENIA POLSKA Starogard GD. Sp. z o.o., the film manufacturer and converter NORDENIA is consistently implementing its strategy to focus on product applications for Fast Moving Consumer Goods (FMCG = everyday consumer goods). Today, over 90% of the NORDENIA Group's entire sales is already generated from FMCG. The main end-markets are Hygiene, Converting FMCG, Food, Petcare & Garden Products and Beauty & Healthcare, Detergent & Cleansing Agents. Through this transaction, NORDENIA has further adjusted its investment portfolio for all business activities relating to the industrial packaging business in Europe. 

Andreas Picolin, COO (Chief Operating Officer) and NORDENIA INTERNATIONAL AG Board Member, is very satisfied with the solution. "Together with the management of NORDENIA DEUTSCHLAND Emsdetten, we examined various sale options. With the management buyout, we have found the best solution for all involved. The management and the 160 employees in Emsdetten and Starogard are in a good position to successfully continue the business model,” Picolin says.

Source: NORDENIA Group