VR Equity investment KTP Kunststoff Palettentechnik acquires K2 PAK
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