Funds managed by Motion Equity Partners have acquired Omni-Pac Group, a European leader in the manufacturing of molded fiber poultry packaging products
Megg Lux, supported by Funds advised by Motion Equity Partners since 2014, is the majority shareholder of the French group CDL, a European leader in the design and manufacturing of molded fiber packaging products.
Based in Allaire in Brittany, CDL is specialised in the manufacturing of egg trays. A major player in the poultry packaging sector, it also offers family packs and egg boxes to poultry cooperatives and distributors. In addition, the firm also offers medical and food packaging products. CDL has c.100 employees producing more than 830 million units per year, for approximately €40m of sales. The historical leader in the French market, CDL also operates in 40+ countries with exports representing c.2/3 of sales.
With the acquisition of Omni-Pac, Megg Lux will significantly strengthen its activity to become a major player in the molded fiber egg packaging market. The closing of the transaction is expected for late December 2016.
Founded in 1962, Omni-Pac is the German leader in the manufacturing and commercialization of molded fiber packaging products for the poultry (egg boxes), fruit and vegetables (trays), medical and agribusiness markets. Omni-Pac has approximately 400 employees, split between its Hamburg headquarters and its production facility in Elsfleth, near Bremen. The Group realises more than €50m of sales, mainly in Germany, but also in the Netherlands, Belgium and Northern-Europe where it achieves a significant part of its sales.
« Strong synergies and complementarities exist between the two companies, not only on their European coverage, but also on their product ranges and their industrial tools: by taking advantage of them, we will offer to our clients a new leading global solution on the molded fiber market. » states Renaud Malarre, Group CEO.
Following this transaction, Megg Lux will become a major European player in the molded fiber packaging egg market, with approximately €100m of combined sales.
« Combining CDL and Omni-Pac, respectively number 1 players in France and Germany, is highly beneficial not only for the Group’s clients, but also in the interest for both firms. We have now succeeded in convincing Omni-Pac’s historical shareholder of the strong rationale of our approach and are pleased to have completed this transaction. » states Cédric Rays, Partner at Motion Equity Partners.