Quadrum Capital backs Bark Packaging

The GP is investing via Quadrum Investment Fund II, which closed on €100m in 2019. The vehicle acquires majority and minority stakes in Dutch companies operating in a wide range of industries.

This is the second deal closed by the fund in the packaging sector in the last year. It previously acquired a stake in Royal Sens, a Rotterdam-based producer of labels for food and non-food packaging, backed in November 2019.

Bark plans to use the fresh capital to further consolidate its market position in the Netherlands and Germany, accelerate its international growth, and finance new acquisitions across Europe. It expects to reach turnover of €100m in the next five years.

Following the deal, chief commercial officer Erik Bos will take up the role of CEO, while founder and current CEO Berny Plas will stay on with the business and remain actively involved within the company.

Company
Established in 1978, Bark specialises in manufacturing flexible packaging, including pouches, doypacks and seal bags.

The company is headquartered in Eerbeek, with offices in Utrecht and Stuttgart. It also operates an innovation and support centre, which specialises in the development and design of new packaging systems. The group employs 36 staff and generates revenues of around €40m.

People
Quadrum Capital – Arjan Hoop (partner).
Bark Packaging Group – Berny Plas (founder).

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• Netherlands