One of Sweden's leading label manufacturers, Nordvalls Etikett AB, has today been acquired by the German Possehl Group.
"The acquisition is an excellent complement to our subsidiaries Logopak Systems and Novexx
Solutions, which are active within the same industry", remarks Dietrich Barsch, CEO of the Business Unit Identification Solutions, which Nordvalls will be part of. The three companies will form an integrated group offering machinery, software and labels relating to product identification.
"We are committed to creating long-term profitable development of our subsidiaries and we have the financial strength to provide the necessary resources. We are here to ensure that Nordvalls will have the required structure in place to take the company to the next level", continues Dietrich Barsch.
Nordvalls' CEO Patrik Jenemark also expresses a very positive view of the new owners.
"We are on the right path. The efficiency improvements executed during 2016 has implied that our operating profit improved substantially", comments Patrik Jenemark and continues "as a consequence of the resources provided by our new owners, we can speed up the process of investing for the future. During the first phase, we will invest in new machinery to our production facility in Kungälv."
Nordvalls with its 110 year history is through this transaction now leaving the family-owned era, and the former shareholders are pleased to hand over the company to a new financially strong owner that will continue to develop the business.
For more information, please contact:
CEO, Nordvalls Etikett AB
Telephone: 0046 708 120200
CEO, Possehl Mittelstandsbeteiligungen GmbH
Telephone: 0049 451 1480
The Possehl Group, operating worldwide under the leadership of Management-Holding L. Possehl & Co. mbH, is a diversified corporate group currently comprising eight decentrally organised business segments that are economically independent of each other. In addition to L. Possehl & Co. mbH, the Possehl Group comprises more than 160 subsidiaries in more than 30 different countries. In the financial year 2016, the Group generated revenues of 3.9 billion euros. Possehl currently employs around 12,000 people worldwide. For further information about Possehl please visit www.possehl.de
Nordvalls Etikett AB was until the sale, a third generation family-owned business. More than 100 employees work in its production facilities in Sjöbo and Kungälv, as well as at the company’s sales offices in Jönköping, Norrköping, Stockholm and Hamburg. In 2016, the company had sales of SEK 224 million. Nordvalls manufacturing includes all types of self-adhesive labels: from professional multicolour labels for decoration and profiling, to non-printed labels to be further processed in a thermal transfer printer. For further information about Nordvalls please visit www.nordvalls.se