conTeyor Group announces merger with KTP Kunststoff Palettentechnik

Belgium based conTeyor Group (“conTeyor”) is pleased to announce a landmark merger agreement with Germany based KTP Kunststoff Palettentechnik GmbH (“KTP”). This merger positions the newly formed group as a leading provider in the design and production of reusable packaging and storage solutions, serving industries focused on CO₂ reduction.

The merger creates a powerhouse in the packaging industry, combining conTeyor’s expertise in textile inner packaging with KTP’s renowned external large plastic foldable containers. The combined entity, generating annual sales of c. EUR 200 million, will use its superior quality and design capabilities to provide optimal reusable packaging and storage solutions to its global customer base.

Today’s announcement represents a significant development in conTeyor’s mission to provide sustainable and innovative packaging solutions, underscoring its commitment to reduce carbon footprints and support a greener future.

Orm Verberne, CEO of conTeyor and the future group, comments: "We are excited to start a new chapter in the history of both companies. A joint market approach and the combination of our competences are the best of both worlds and transform us into a true ‘House of Competence’. Sustainability is in the DNA of both conTeyor and KTP. We help our customers to lower their costs and reduce their carbon footprint by developing reusable packaging and storage solutions with high durability. The combination of standardized containers and custom dunnage solutions is the way forward to a more sustainable world."

Under the terms of the agreement, Gilde Equity Management ("Gilde") will become the majority shareholder in the new entity. KTP's current shareholders, VR Equitypartner and Wagner Holding ("VR"), will retain a significant minority stake.

The completion of the transaction is subject to approval by the relevant competition authorities.

About conTeyor Group

conTeyor Group, founded in 1995 by Jos van Bree, is a market leader in the design and manufacturing of customized textile and steel based smart reusable packaging solutions for machine parts that are prone to damage or scratching. These solutions are essential for transporting components from specialized suppliers to assembly factories, ensuring the safe transit of high-value machine parts and components. To achieve maximum protection while minimizing space usage, conTeyor leverages its advanced 3D design and engineering capabilities, supported by its own proprietary software (Nestimator). This allows more parts to be stored in a single box or rack, significantly reducing both transportation costs and CO₂ emissions when compared to competitors and traditional packaging products.

With over 50 in-house design engineers, conTeyor leads the way in innovative and sustainable packaging and storage solutions. Its clientele includes major automotive manufacturers, and producers of household appliances and electronics. conTeyor operates production facilities across Europe and North America, with its headquarters in Belgium.

Committed to reducing carbon emissions, conTeyor is recognized as an ESG frontrunner, proudly holding an EcoVadis Silver label.

Since 2018, conTeyor has been backed by Gilde Equity Management, a leading Benelux-based investment firm with more than EUR 2.5 billion in assets under management.

About KTP Packaging Solutions

KTP Kunststoff Palettentechnik GmbH, founded in 1988 by the Wintrich family, is a premier European manufacturer and developer of large foldable containers, large load carriers, plastic pallets, and carrier systems. With offices and facilities in Germany, Slovenia and China, KTP exports its high quality products to over 100 countries worldwide.

KTP’s storage and transportation containers are made from over 80% recycled plastics, significantly contributing to the reduction of life-cycle greenhouse gas emissions in the automotive sector. The company is renowned for its commitment to sustainability and innovation, reflected in its cutting-edge production processes and through setting industry standards for sustainable manufacturing and operational practices.

Since 2011, KTP has been backed by VR Equitypartner (VREP), a Germany-based private equity firm, to further support the Wintrich family in realizing the company’s growth and internationalization ambitions.