Protective packaging and technical laminates specialist Walki (Espoo / Finland; www.walki.com) is changing hands. One Equity Partners (www.oneequity.com) is acquiring a majority stake in the company from Nordic investment firm CapMan Buyout (www.capman.com). The transaction is expected to close in the third quarter of 2018. Financial terms of the transaction have not been disclosed.

Since its acquisition by CapMan in 2007, Walki has grown significantly as well as focused on Eastern Europe. The Finnish company is headed by Leif Frilund, and manufactures technical laminates composed of paper and plastics such as PET, PP and PU for the construction and automotive industries, among others. It also manufactures packaging solutions for a variety of applications. The company has 950 employees, with nine plants in Europe and one in China. Walki generated net sales of EUR 318m in 2017.