Nefab Acquires US Chick Packaging

Sept. 15, 2010 - PRLog -- Nefab, a global industrial packaging company headquartered in Sweden, announced yesterday the acquisition of Chick Companies, the preeminent US industrial packaging company, headquartered outside of Dallas, Texas. Chick is the North American leader in industrial packaging solutions and services, with over 600 employees at 17 different locations in the US and one in Germany.


“Strategically, Chick is a key acquisition for Nefab, giving us a strong presence in the important North American market. This significantly increases our global capability in delivering complete packaging solutions worldwide to our customers. Through Chick’s expertise and excellent reputation, we can add solutions and services for a number of important customer segments including power generation, medical and telecom/electronics packaging”, commented Stefan Ekqvist, President and CEO of Nefab.

“Our businesses and geographical scope are highly complementary, which will give the new organization both a strong position among multinationals, based in the US, and a global customer base through Nefab’s present network”, said Mr Ekqvist.

“We believe this is a perfect fit for Chick. Nefab, with its global presence, coupled with our dominant position in the U.S. market will be a winning combination for our customers”, commented Brian Bulatao, CEO of Chick.

The new organization will have more than 40 manufacturing sites in the Americas, Europe and Asia, and nearly 2,900 employees.

For more information, please contact:

Stefan Ekqvist, CEO Nefab

# # #

About Nefab

Nefab delivers complete packaging solutions to international industrial groups, with special focus on the telecom, electronics, automotive, energy, medical and machinery industries. Nefab is present in 35 countries with more than 2,200 employees. Nefab’s 2010 revenues, pro forma, are expected to be about USD 390m. Its principal owners are Nordic Capital Fund VI and the founder family Nordgren/Pihl. For more information on Nefab, please visit www.nefab.com.