OptiGroup to acquire Moonen Packaging in the Netherlands

OptiGroup has agreed to acquire 100 percent of the shares of the Dutch packaging distributor Packagegroup Moonen B.V. The transaction, which is subject to approval by the Dutch Competition Authority, is expected to be completed during the summer. The purchase price has not been disclosed. Moonen Packaging, with revenues of EUR 51 million in 2017 and around 80 employees, has been a family business since the 1950s and is a leading and fast growing distributor of packaging solutions in the Benelux. The company designs, develops, sources, stocks, sells and distributes customised packaging