Ebner Stolz Management Consultants assisting the take over of the segment SYSTEMS by RIPAC
Cologne, August 14, 2015 - RIPAC GmbH is acquiring the SYSTEMS unit of Jiffy Packaging Europe, an operating company of Pregis Europe Group, as part of an asset deal. The acquisition will give RIPAC, a specialist in cushioning and packaging materials located in Grevenbroich, Germany, access to new markets, including the United Kingdom, Poland, the Czech Republic, Hungary, and France. It will also strengthen RIPAC’s sales and marketing activities in Europe, which have previously focused on the German-speaking and the Benelux countries.
Broader product line will increase level of in-house production
The core products of RIPAC GmbH are films for various packaging and industrial applications, such as the air cushions used for shipping merchandise. The merger will add foam (“foam in place”) and paper products to RIPAC’s product line. Expertise in these additional solutions will increase RIPAC’s level of in-house production and make it a sought-after partner in the air cushion systems business.
Increased customer focus and consulting expertise
According to Henny Ribbink, the Managing Director of RIPAC, “We are convinced that SYSTEMS is an outstanding addition to our current range of products and services. The acquisition will strengthen our sales and marketing, further increasing our customer focus and consulting expertise. I look forward to working with the new team as we proceed along – and further accelerate – RIPAC’s path to growth.” Ribbink adds, “At this juncture, I would like to express my thanks to the consulting team from Ebner Stolz and the Hopfgarten law firm for their intensive support, without which this transaction would not have been such a success.”
Strong partners in the transaction
Ebner Stolz initiated the transaction and worked with the Hopfgarten law firm to assist the entire process. Besides managing the process, Ebner Stolz worked with an interdisciplinary team from Corporate Finance to conduct the due diligence and provided support in preparing for integration. Hopfgarten drafted the purchase agreement, negotiated it with assistance from Ebner Stolz, and advised RIPAC on employment contracts in the context of integration. The parties have agreed to keep the purchase price confidential.
Press contact at Ebner Stolz
Phone +49 221 20643-684
Corporate contact at Ebner Stolz
Andreas Schüren, Managing Partner
Phone +49 221 20643-899
André Laner, Manager
Phone +49 221 20643-863
Corporate contact at Hopfgarten Rechtsanwälte
Sonja Ruland, LL.M. (Cologne)
Lawyer | Labor law specialist
Phone +49 202-493939
Fax +49 202-4939321
RIPAC, a leader in flexible packaging, has locations in Germany, the Netherlands, Belgium, France, the UK, Poland, the Czech Republic and Hungary. Its range of activities includes services and film, foam, and paper products. The company was established in 2008 and has its registered office in Grevenbroich, Germany. More information on RIPAC is available at www.ripac-film.com.
About Jiffy Packaging Europe
Jiffy Packaging is part of the Pregis Europe Group and is a leading manufacturer of a diverse range of protective packaging products. The company was founded in England in 1963, making Jiffy padded mailing bags. It has seven production sites, in Winsford, England; Wellen, Belgium; Bopfingen, Germany; Prague, Czech Republic; Gliwice, Poland; Pietra Neant, Romania; and Budapest, Hungary. The company was acquired by Airpack of Italy in May 2014. Additional information on Jiffy Packaging Europe is available at www.jiffypackaging.com.
About Ebner Stolz
Ebner Stolz is one of the largest independent mid-sized consulting firms in Germany and is among the Top Ten in the sector. The firm has decades of in-depth experience in auditing, tax advice, legal advice, and corporate consulting. More than 1,150 employees in all major German cities and business centers offer a broad range of services based on a multi-disciplinary approach. As a mid-size market leader, Ebner Stolz primarily advises mid-sized industrial, trading, and service companies of all sizes in every sector. Cross-border auditing and consulting assignments are carried out with partners of Nexia International, one of the world’s leading networks of independent consulting and auditing firms. Nexia has more than 600 offices in 100 countries and is also one of the Top Ten in the sector.
About Hopfgarten Rechtsanwälte
With almost 40 attorneys and over 100 employees, Hopfgarten Rechtsanwälte is one of the largest and best-known law firms in Germany’s Bergisches Land region. Hopfgarten has offices at two locations – Wuppertal and Düsseldorf – in the state of North Rhine-Westphalia, setting the highest standards for the professional quality of its legal work and individual services to clients. The firm’s core competencies include M&A, business and corporate law, banking and capital markets law, construction and architecture law, labor law, insurance law, and inheritance law. The focus of its advisory services is on entrepreneurs and companies, with the objective not only of solving problems but also of ensuring the right structures for the future. Additional information on Hopfgarten Rechtsanwälte is available at www.hopfgarten.de.