VR Equity investment KTP Kunststoff Palettentechnik acquires K2 PAK

Photo: Sustainable: KTP plastic pallet
18. Janu­ary 2023

Frank­furt am Main / Bous — KTP Kunst­stoff Palet­ten­tech­nik GmbH (KTP) has acqui­red the majo­rity of shares in K2 PAK of Koper, Slove­nia. KTP was suppor­ted in this by the Fran­k­­furt-based invest­ment company VR Equi­ty­p­art­ner, which holds a mino­rity stake in the Saar­­land-based company. KTP is one of the Euro­pean market leaders in the produc­tion and deve­lo­p­ment of fold­able large contai­ners and large load carri­ers as well as pallets and carrier systems made of plastic. With the acqui­si­tion of K2 PAK, KTP is streng­t­he­ning its busi­ness area around the inner pack­a­ging of trans­port boxes, lever­aging valu­able syner­gies between the two compa­nies and conti­nuing its long-term growth strategy.

KTP had already acqui­red a majo­rity stake in K2 PAK at the begin­ning of 2022; the stake was now signi­fi­cantly incre­a­sed again at the turn of the year. The remai­ning shares remain with the mana­ging part­ner Marco Krmac. For more than two deca­des, the family-owned company K2 PAK has been deve­lo­ping and supply­ing advan­ced indus­trial reus­able pack­a­ging solu­ti­ons made of a wide variety of mate­ri­als as an inner packer, provi­ding opti­mum protec­tion for custo­mers’ compon­ents during trans­port. There are already long-stan­­ding busi­ness rela­ti­ons­hips with KTP — the inte­gra­tion will enable further syner­gies to be lever­aged and deve­lo­p­ment and inno­va­tion oppor­tu­nities to be driven forward.

KTP Kunst­stoff Palet­ten­tech­nik GmbH, based in Bous (Saar­land), has specia­li­zed in the manu­fac­ture and deve­lo­p­ment of fold­able large contai­ners and large load carri­ers as well as pallets and carrier systems made of plastic since 1988. The advan­ta­ges of the KTP contai­ners are the ease of use and the space saving due to volume reduc­tion. In addi­tion, resour­ces are conser­ved — both through the use of recy­cled raw mate­ri­als and the possi­bi­lity of retur­ning them to the raw mate­rial cycle, and thanks to the lower trans­port weight. VR Equi­ty­p­art­ner (VREP) had acqui­red a mino­rity stake in KTP at the end of 2011 to support manage­ment in explo­i­t­ing the company’s further growth poten­tial and driving inter­na­tio­na­liz­a­tion. From its head­quar­ters in Bous and its Chinese sales loca­tion in Taicang, KTP now exports its products to over 100 countries.

“The 2022 finan­cial year was the best in KTP’s history,” says a deligh­ted KTP Mana­ging Direc­tor Martin Hent­schel: “We also acqui­red a majo­rity stake in K2 PAK, thus ente­ring the inner pack­a­ging market. This expands our offer to our custo­mers, incre­a­ses our compe­ti­ti­ve­ness and enhan­ces custo­mer proximity.”

Chris­tian Futter­lieb, Mana­ging Direc­tor at VR Equi­ty­p­art­ner, also welco­mes the new part­ners­hip: “With the acqui­si­tion of K2 PAK, KTP is conti­nuing its success­ful growth story: after the strong expan­sion of produc­tion capa­ci­ties, the ongo­ing diver­si­fi­ca­tion out of the auto­mo­tive sector into other indus­tries and the success­ful inter­na­tio­na­liz­a­tion, the acqui­si­tion of K2 PAK is a real game chan­ger. The address­able market has incre­a­sed signi­fi­cantly and now offers custo­mer access through both trans­port boxes and inner packaging.”

The tran­sac­tion team of VR Equi­ty­p­art­ner: Sarah Oster­mann, Simone Weck

Advi­sor VR Equitypartner:
Finan­cial Due Dili­gence: ECOVIS CF, Ljub­l­jana, with Chris­toph Geymayer
Legal due dili­gence and legal advice: CMS REICH-ROHRWIG HAINZ / Senica & Part­ners, Ljub­l­jana, with Aleš Lunder

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