On June 25, Trioworld Group signed an agreement to acquire the French companies Palamy and BRJ through a purchase of all the shares in Sopal SAS. Palamy SAS (Palamy) and Beaudet et René Jean Emballage SAS (BRJ) are both leading players in high performance packaging solutions for bread, frozen food, and other consumer packaging applications in the French market.
“We are looking forward to welcoming Palamy-BRJ to the Trioworld Group. The acquisition will give us the opportunity to grow an even stronger position in the market for advanced food packaging solutions in Europe. Both companies have a long and proven history of supplying premium products with a superior service and we have great confidence in the Palamy-BRJ team. We see great potential in joining forces and continuing a successful journey together,” says Andreas Malmberg, CEO of the Trioworld Group.
“We are very pleased to have found a future partner in Trioworld, which is a perfect fit for us and our customers. With a product portfolio that is an ideal complement to Palamy-BRJ, Trioworld exhibits a culture that we believe suits us very well. We are looking forward to working together, combining our strong, innovative product portfolios and creating even more value for our customers,” says Patrick Proux, CEO of Sopal.
The transaction is subject to customary closing conditions and French regulatory approvals.
The Trioworld Group will, after the transaction is completed, own 100% of the shares.
Editorial contact:
Editor: Kiran Grewal kgrewal@kennedys.co.uk
