TAKKT AG has signed a contract to acquire Ratioform Holding GmbH, headquartered in Pliening, Germany. The purchase price amounts to around EUR 210 million on a debt free basis. By acquiring the B2B direct marketing company for packaging solutions, TAKKT strengthens its European portfolio. In 2011, Ratioform generated a pro forma turnover of EUR 83 million and a pro forma EBITDA of EUR 22.6 million.
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Ratioform is the leading B2B direct marketing company within the distribution market for transport packaging in Germany, where 75 percent of its sales is generated. In addition, Ratioform is active in five other European countries. Among others, the increasing importance of e-commerce business is a main driver for the growing demand for transport packaging. The acquisition is an ideal addition for TAKKT. “With Ratioform we acquire a dynamically growing company with management excellence. At the same time, we extend our product spectrum noticeably,” commented Dr Felix A. Zimmermann. The new company will form an independent third group within the TAKKT EUROPE division.
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Ratioform offers a range of more than 5,000 products from the areas warehouse and shipping. The products are almost exclusively available from stock. Ratioform sells its quality product range via a multi-channel approach mainly to B2B customers in different industries. With a high availability of its stock resulting in a fast supply of its customers Ratioform ensures an elevated level of service.
A purchase price of around EUR 210 million on a debt free basis was agreed on for acquiring the entire interest in Ratioform Holding GmbH. The current management will remain responsible for management after the transaction has been closed. Michael Vollmer, Managing Director of Ratioform: “Due to the various similarities in our business models we have set the perfect basis for further growth in Europe with this partnership.”
TAKKT funds the acquisition with acquisition credits agreed on short notice as well as already existing long-term credit lines. Even after closing the transaction, TAKKT will still have a solid balance sheet structure with an equity ratio of more than 30 percent. “With the acquisition of Ratioform, TAKKT remains true to its long-term growth strategy and keeps a firm eye on the financial solidity,” said Dr Claude Tomaszewski.