31 / 12 / 2023
Egeria announces the sale of Wentus to Trioworld
Egeria Group (“Egeria”) has reached a definitive agreement to sell Wentus GmbH (“Wentus”), a leading player in solutions for high performance food-, consumer- and hygiene packaging to global packaging firm Trioworld Group (“Trioworld”). Wentus was part of the Clondalkin Group.
Headquartered in Hoexter, Wentus is a European manufacturer of plastic films for flexible packaging applications with a focus on food. The company is a top-tier supplier of high-tech skin film solutions serving a global blue-chip customer base.
Christof Renz, CEO of Wentus: “We are very pleased to have found a partner in Trioworld that is a perfect fit for us and whose product portfolio is ideally complemented by Wentus. We are looking forward to working with a professional and ambitious team whose management culture suits us well. I would also like to use the opportunity to thank Egeria for the intensive and trusting cooperation as well as the great support over the past years.”
Nicolas de Nerée, Partner at Egeria: “Over the past years, Wentus developed into an innovative film manufacturer focused on sustainability in the food segment. Trioworld is the ideal partner to further strengthen Wentus’ international market position and lever its strong product expertise in Skin film.”
Andreas Malmberg, CEO of the Trioworld Group: “We are very pleased and excited to welcome Wentus into the Trioworld Group. The acquisition will give us the opportunity to grow an even stronger position in the market of advanced food-, consumer- and hygiene packaging, in Europe and in North America. Wentus has a proven track record of supplying the market with premium products and superior support, to maximize value for customers.”
The transaction is subject to customary regulatory requirements and approvals. The Trioworld Group will, after the transaction is completed, own 100% of the shares.
Egeria is an independent pan-European investment company founded in 1997, which focuses on medium-sized companies. Egeria invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria believes in building great businesses together with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds hold investments in 16 companies, Egeria Evergreen has investments in 7 companies. Egeria’s portfolio companies have a combined turnover of c. EUR 2.5 billion and employ close to 13,000 people. In 2018, Egeria has launched EgeriaDO, a corporate giving program sponsoring projects in the fields of the arts, culture, and social objectives.
Wentus GmbH, the specialist for high-tech skin films and an extensive and innovative product portfolio based in Hoexter, has been developing and producing sustainable and easily recyclable packaging solutions since 1965. Around 230 employees, a flat hierarchy and a complete in-house production chain enable the rapid development of customized solutions for various requirements. With its own sales structure, strong sales partners, and representatives in the DACH region, Benelux and south-west Europe, Wentus supports customers locally and thus guarantees the highest level of customer orientation and the best service.
About the Trioworld Group
Trioworld was founded in 1965 and since 2018 under the ownership of Altor Fund IV. Altor is one of the leading Nordic Private Equity firms, focused on building world class companies. Driven by continuous development of innovative and sustainable plastic film products, Trioworld is one of the leaders in the segment, with a turnover of 900 million EUR and approximately 1.700 employees. The group´s head office is in Smålandsstenar, Sweden, with production and recycling sites in Sweden, Denmark, the Netherlands, France, the United Kingdom, and Canada. Products and solutions are sold around the world.