FIELDS Group acquires SULO Emballagen

Posted on: 05-08-2016

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FIELDS Group is pleased to announce that it has reached an agreement to acquire SULO Emballagen GmbH.

SULO Emballagen develops and produces steel drums for the chemicals and food industry and is based in Herford, North-Rhine-Westfalia, Germany. The company is one of the leading suppliers of steel drums in Germany and has been on the market for over 90 years. The annual turnover amounts around € 40 million.

The company is sold by Plastic Omnium Environment, the Environment Division of Compagnie Plastic Omnium from France. The acquisition will be completed within the coming months.

Anne Willem de Vries of FIELDS Group explains: “As a high quality, high volume producer of steel drums, SULO Emballagen fits right in the profile of FIELDS Group. The acquisition will enable SULO Emballagen to further build on its high quality and its well preserved relations with customers to further develop and grow the business the coming years”. Henry Freudenreich, CEO of SULO Emballagen adds: “With FIELDS Group we are partnering with a company with extensive experience in high quality, high volume, manufacturing. Together with FIELDS Group we will further grow the business in our current and adjacent markets and continue to support our customer’s steel packaging
needs”.

About FIELDS Group

FIELDS Group is a renowned industrial holding company with offices in Amsterdam and Munich. Together with management, FIELDS actively further develops the potential of its companies. With its in-house operational taskforce FIELDS is directly involved in the development of the group companies in the field. FIELDS is long term oriented and thinks and acts like an entrepreneur. FIELDS invests in industrial companies with a turnover in a range of € 10 million and € 100 million.

Contact:

René van der Velden, FIELDS Group: +31 6 53435712, [email protected]

Compagnie Plastic Omnium, [email protected]

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