conTeyor International acquires VMT ECOPACK from Rabo Private Equity and Ox.

On June 2 2017, the majority shareholders of VMT ECOPACK, consisting of Rabo Private Equity and OX., reached a binding agreement with Down2Earth/conTeyor International on the sale of 100% of the shares to conTeyor.

About the deal
The acquisition of VMT by conTeyor creates a leading returnable packaging solution provider in both plastics and textiles. conTeyor has acquired VMT ECOPACK in the strategy to expand capabilities, capacity and competences in developing and manufacturing best-in-class returnable packaging solutions. With this important step forward conTeyor has further improved its global reach with consequent vicinity to its customers.

Joining forces of both companies will create a stronger market position with a consolidated turnover of about 70 million EUR and 350 employees.

About conTeyor
conTeyor (Headoffice Merelbeke, Belgium) is a global leader in the innovative market of B2B re-usable textile packaging systems, mostly based on metal foldable structures. conTeyor has two smaller business divisions with thermoformed trays (BestForm, Germany) and warehousing solutions (Storeganizer). ConTeyor has recently invested significantly in further developing the US and Mexican market and in additional production capacity in Europe, Mexico and China.

The Belgian based Private Equity fund Down2Earth is the majority shareholder of conTeyor and supports the further growth with a buy and build strategy.

"The compatible culture of both companies will be further aligned to create more innovative solutions and services to the benefit of all our global customers", thus Jo Buekens, CEO of conTeyor.

About VMT ECOPACK
VMT is a pan-European supplier of reusable (mainly) plastic packaging with a significant part of customized solutions with a focus on the automotive industry. It has manufacturing facilities in the Netherlands (Elsloo/HQ), the Czech Republic (Kurim), an assembly workshop in Turkey (Yalova) and addtional sales offices in Germany (Munich) and Russia (Moscow).

"We thank Rabo Private Equity & Ox. for being loyal and dedicated shareholders, seeking the best interest for VMT during turbulent times in the past and for helping us to get where we are today: Healthy, confident and ready for an exiting next phase with a solid, fitting, ambitious & strategic new shareholder"; thus Ernst Jan van Klinken, CEO of VMT ECOPACK.

About Ox.
Ox. is an investment firm that focuses on participations with which it can be clocely involved as an investor. This involvement translates into active entrepreneurship as a shareholder with the emphasis on operational, financial and strategic guidance, leading to value creation. A strong market position, growth and/or improvement potential are main investment criteria.

About Rabo Private Equity
Rabo Private Equity is the captive alternative investment arm of Rabobank investing in private equity and venture capital opportunities. Its mission is to pursue investments that are aligned with the "Banking for the Netherlands and Banking for Food" strategy of Rabobank thereby supporting eligible companies that are core to this strategy with equity. In the Netherlands Rabo Private Equity invests directly in operational companies and focuses on young, entrepreneurial companies to mature and growing companies in need of equity to realize their longer-term ambitions with the support of equity and reliable investor partners.