Walki Group, the leading producer of technical laminates and protective packaging materials, today announced the sale of its 52 % share holding in Converflex Ab. The transaction was made as a local investor backed management buyout (MBO).
Converflex is a flexo printing company in Sweden with a focus on the printing of ream wrapping and flexible packaging. The company generated a turnover in 2010 of 6,6 million Euros and employed 16 persons.
It has been agreed that Walki will continue to supply Converflex with barrier materials. The parties have agreed not to disclose the acquisition price.