Fortaleza Capital exclusive corporate finance adviser on the sale of Honicel to Yamaton Group

Fortaleza Capital is pleased to announce it acted as exclusive corporate finance adviser to the shareholders of Honicel on the sale to Yamaton Group

About Honicel: Honicel, established in the 1950’s, develops and manufactures paper-based honeycomb structures that are used as core materials in sandwich constructions, originally in the aviation industry and nowadays in an ever-growing variety of applications. These include doors (of busses, trains, elevators and rooms), partitions, furniture and automotive panels (e.g., sunshades, spare tire covers, trunk plates, door trim panels, hat boards and roofing).

Honicel is a sizeable market player occupying a unique niche position in the paper-based industry with an outstanding reputation, state-of-the-art machinery and a track record of continuous innovation. Honicel paper honeycomb is clearly recognised by more and more customers because of its unparalleled performance characteristics, is 100% made from FSC-certified materials and can be fully recycled.

Dirk Schut, CEO of Honicel: “Together with Yamaton Group we can further invest in upgrading our equipment, improving quality and exploring new markets and products. Our combined knowledge will help us in our innovation efforts and to meet new market demands. Furthermore, this integration makes us a solid partner that can better cope with all the challenges we encounter in our rapidly changing world.”

Honicel will continue to operate in its current form and at the same location in Zelhem (the Netherlands) and its current management team, led by Dirk Schut, will remain responsible for daily business operations.

About Yamaton Group: Yamaton Group, formed through the integration of Yamaton Paper, Yamaton Packaging Solutions, Amicotube and Honicel, is a global leader in sustainable packaging solutions. Catering to a diverse range of industries, the group delivers innovative, eco-friendly packaging products and services that meet the evolving needs of its customers.