The financial terms of the transaction, subject to regulatory approvals, were not disclosed.
Led by Bart de Boer, CEO, Optimum Group is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The group operates through five printing facilities, of which four in the Netherlands and one in Belgium.
The company is active in the segments within the Benelux labelling market, which is estimated to be worth approximately €700m. In particular, it focuses on the food labelling market.
Optimum is looking to expand its technological capabilities, such as inkjet technology, and end-market coverage in the food, beverage, chemicals, pharmaceutical and logistics sectors.