One Equity Partners Agrees to Sell Walki to Japan’s Oji Group. Walki offers consumer and industrial packaging for food and specialty consumer products, as well as engineered materials
Oct 23, 2023
One Equity Partners (“OEP”) announced that it has entered into a definitive agreement to sell Walki Holding Oy (“Walki” or the “Company”), a pan-European supplier of sustainable and high-performing packaging and engineered materials solutions, to Oji Holdings Corporation (“Oji Group”), a Japanese paper products technology company.
Founded in 1930 and headquartered in Espoo, Finland, Walki is a specialty packaging materials manufacturer, offering consumer and industrial packaging for food and specialty consumer products, as well as engineered materials, such as insulation and fire-retardant facings, sustainable membranes, and protective clothing applications. The Company has 17 production facilities worldwide and employs more than 1,700 people. OEP’s acquisition of Walki closed in July 2018.
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“We are humbled by Walki’s performance under our ownership and were pleased to help the business execute on a transformative business expansion strategy with sustainability at its core,” said Marc Lindhorst, Managing Director, One Equity Partners. “We collaborated with management to drive transformative growth opportunities in the packaging and engineered materials end markets while supporting the development of manufacturing methods with reduced adverse environmental effects.”
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“One Equity Partners was a first-rate partner to our business over the last five years,” said Leif Frilund, CEO of Walki. “OEP’s expertise in specialty manufacturing businesses like ours helped us to execute our sustainability strategy while continuing to grow the business. With their support, we have proven that consistent corporate growth and business development do not have to be mutually exclusive.”
