BISCHOF+KLEIN GmbH & Co.KG sold Hueco Pack to Onena Bolsas de Papel, S.A.
Financial advisor to the seller
Client: Hueco Pack
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.