We are delighted to announce that we have signed an agreement to sell 100% of the shares in DOT2DOT SA, the largest independent premium packaging producer in Central Europe, to Van Genechten Packaging, a leading European folding carton solutions provider, headquartered in Belgium and with 12 production plants across Europe.
Headquartered in Gdańsk, Poland, and employing 350 people, Dot2Dot manufactures and sells complex and innovative packaging products to customers throughout Europe. The company covers all areas of the economy, with a particular strength in key sectors including beauty, personal care and confectionary. Its customers include many of the world’s largest corporations and brands.
During the course of its investment, Abris has transformed Dot2Dot from a group of family-owned businesses with different cultures and technology into a modern, multi-site production company. Abris has focused on improving corporate governance, including bringing in a new CEO, CSO, CPSO and CFO, as well as more than 30 other senior positions. The company has also performed exceptionally well on ESG. In 2023, Dot2Dot generated 94% of its revenue from reusable, recyclable or compostable products, reducing carbon emission per million euros of revenue by more than 50% versus 2022.
Edgar Kolesnik, Partner at Abris Capital Partners, commented: "Alongside the enormously dedicated and determined management and the broader senior team, we successfully completed the transformation of Dot2Dot from three founder-led businesses into an integrated company with well-diversified sales, two modern production plants, a strong culture and unified technology standards. We are pleased that the company is in fantastic shape to move into the next phase of its growth story with Van Genechten.”
Our thanks to the Abris deal team led by Edgar Kolesnik and supported by Bartosz Owedyk, and to our advisers on the transaction MP Corporate Finance, Norton Rose Fulbright, Deloitte, and ERM. Additionally, thanks to Bain & Company who supported the company earlier with the Value Creation Plan, contributing to streamlining commercial and operational areas.
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#PrivateEquity #ValueCreation #CentralEurope #ESG #ESGtransformation
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