VGP successfully closes the acquisition of Poland-based DOT2DOT SA
Turnhout, December 3 2024 | Van Genechten Packaging (VGP) announced today that on November 29 it succesfully closed the acquisition of 100% of the shares of the Polish DOT2DOT Group, which operates from two locations in Poland. With a combined annual turnover exceeding 50 million Euros, this group of companies specialises in premium packaging for the beauty, confectionery, personal & health care and premium spirits sectors. With a solid customer base, advanced packaging design, and robust production capabilities, VGP sees DOT2DOT as the perfect partner to join their VGP500 growth strategy:
Since the signing in July this year, we have been preparing ourselves to leverage our VGP and DOT2DOT market & innovation capabilities",
said Frank Ohle, CEO of Van Genechten Packaging Group.
He added:
With the closing of the deal we are now ready to offer additional solutions to both existing and new customers, further strengthening our market position. We warmly welcome our new colleagues from DOT2DOT to the VGP community and will ensure a smooth integration into the VGP Group."
Press Contact
sales@vangenechten.com
Heidi Vanspauwen
Group Marketing & Communications Director
Raadsherenstraat 2
B-2300 Turnhout
Tel: 0032 14 40 36 40
About Van Genechten Packaging (VGP)
Where people, brands and folding carton meet, that is where the magic happens at VGP, every single time. For 190 years VGP has believed in the unique impact of packaging for brands and products, for people and the planet, and made it work.
Today it remains one of the last truly independent European packaging specialists in 9 countries with HQ in Turnhout, Belgium, 14 folding carton sites, 1 extrusion site, and 1 rigid box design and production center. Customers have come to value both this presence and independent spirit: including VGP’s ‘people first’ approach, where customer-centric collaboration is key to success. It has won the company many leading industry awards.
VGP generates an annual revenue of more than 500 million euros. As a leading provider of packaging in European fast-moving consumer goods, the company continues to grow in printed folding cartons, offset laminated corrugated board, POS displays and a wide range of other packaging solutions.
About DOT2DOT
DOT2DOT SA, in its present form, is the result of the 2017 merger of three leading Polish companies in the packaging industry: Graf-Pozu, established in 1987 and based in Batorowo; Druk Markuszewscy based in Gdańsk; and Drukpol established in 1989 and based in Sulejówek. DOT2DOT was owned by a subsidiary of a fund managed by Abris Capital Partners. With their current locations in Gdańsk and Warsaw, DOT2DOT operates in compliance with ISO 9001:2015, ISO 14001:2015, and BRCGS Packaging standards, ensuring the highest production safety standards. Additionally, they provide packaging solutions according to FSC® and PEFC standards at both sites.