Transaction

BISCHOF+KLEIN GmbH & Co.KG sold Hueco Pack to Onena Bolsas de Papel, S.A.

Role:

Financial advisor to the seller

Year: 

N/A

Client:

Hueco Pack

Service / Sector

Description

GBS Finance advised the German multinational Bischof Und Klein in selling Huecopack its Spanish subsidiary, engaged in the business of flexible packaging. Its turnover was around €30 million and had 150 employees. The transaction involved the sale of the company, including the factory, to Onena Paper Bags, SA, a group based in Navarra who showed interest in acquiring the business because of the existing synergies between both companies.