The French group Quadient announced at the end of June the sale of its packaging systems business Automated Packaging Solutions (APS) and its production site based in Drachten in the Netherlands, to the Dutch private equity firm Standard Investment
The Automated Packaging Solutions business includes CVP Impack and CVP Everest, two custom packaging technologies for e-commerce companies.
The custom packaging technology includes the sizing, manufacturing, gluing, and labeling of each package in a single process. The goal is to reduce corrugated expenses by reducing voids and volumes and minimizing the use of cushioning materials.
Quadientn explains this sale as a refocusing of its business portfolio and an optimization of its industrial organization.
"We are pleased to announce this agreement with Standard Investment, a recognized leading investor actively committed to strongly supporting Drachten's automated packaging systems business and teams in their development in the custom packaging market." said Geoffrey Godet, Quadient's Managing Director.
The Drachten production site, with approximately 240 employees, includes sales, marketing, service, R&D and production teams for APS systems as well as mid-range Document System (DS) folders/inserters, which Quadient will continue to market. As part of the transaction, Quadient's DS production will be progressively transferred to other Quadient manufacturing facilities and suppliers, ensuring business continuity.
