Plastic packaging CONVERTEX

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Summary
Windmöller & Hölscher (W&H) has sold its woven packaging division to the Austrian company Starlinger. Starlinger has acquired the subsidiary W&H Machinery GmbH, based in Vienna, which employs approximately 25 people.

Statements
Dr. Falco Paepenmüller, CEO of Windmöller & Hölscher, explains that the divestment will allow W&H to concentrate resources on targeted growth in the paper and film packaging markets and that ensuring continued reliable service for woven packaging customers was a key criterion in selecting the buyer.

Angelika Huemer, CEO and Managing Partner of Starlinger, states that the acquisition expands Starlinger’s portfolio and enables offering additional tailored solutions for producers of sustainable woven plastic packaging, with expected synergies in technology and advantages for customers through a global sales and service network.

Transaction details
Financial terms of the transaction are contractually confidential.

Company background
Windmöller & Hölscher, headquartered in Lengerich, is one of the world’s leading manufacturers of machines and systems for producing flexible packaging. Starlinger, based in Vienna, is a global market leader for machines producing woven sacks and a technology leader in plastic recycling plants.

Characteristics / Technical specifications

• Date of publication: 18.12.2024
• Publication location: Germany | Lengerich
• Divested business: Woven packaging division of Windmöller & Hölscher
• Acquirer: Starlinger (Austrian company)
• Subsidiary acquired: W&H Machinery GmbH (Vienna)
• Employees affected (approx.): around 25
• Financial terms: confidential
• Strategic rationale (W&H): focus resources on paper and film packaging market
• Strategic rationale (Starlinger): extend portfolio, offer additional solutions for sustainable woven plastic packaging, realize synergies in technology and global sales & service network