Acquisition of Dijkstra Vereenigde Bedrijven B.V. by IPG.

On 15 October 2020, Dijkstra Vereenigde, manufacturer and distributor of glass packaging and laboratory equipment based in Lelystad, was acquired by Gaasch Packaging, part of the Luxembourg family holding Industrial Packaging Group (IPG) (link). In the acquisition Dijkstra Vereenigde was assisted with legal advice by Marein Smits, Tim Carapiet and Onno Cusell of Wintertaling Corporate M&A.

Dijkstra Vereenigde has been active for over 100 years in the beverage, food, cosmetics and pharmaceutical packaging glass sector as well as drinking glasses to the hospitality industry and retail chains. Its laboratory equipment department supplies, among other things, centrifuges, drying ovens, rotary film evaporators, refrigerators, shakers and A-brand ultrasonic baths to laboratories throughout the country. Together, the two divisions account for a turnover of approximately €23 million.  With the acquisition by IPG, the group is expanding further in the Benelux. In addition to IPG, the two directors and employees will retain a (minority) share in Dijkstra Vereenigde.

Dijkstra Vereenigde’s packaging machines division was recently sold and will continue under the name Fuji Packaging Benelux. Dijkstra was again advised by Marein Smits and Tim Carapiet.

 

 

What are the consequences of the coronavirus (COVID-19) for entrepreneurs?

The effects of the coronavirus can currently be felt all around the globe. Great uncertainty about the duration of measures concerning the virus and ever more stringent measures cause many questions among entrepreneurs. Frequently asked questions are:

Picture Laura – Del, CC https://www.flickr.com/people/20519310@N04/.
  1. Can I invoke force majeure if I am unable to comply due to these circumstances?
  2. Can I invoke unforeseen circumstances if I am unable to comply due to these circumstances?
  3. Does an agreed penalty clause apply in the given situation?
  4. Does the insurance cover damages which result from closing a business or cancelling events due to the coronavirus?
  5. Can I still hold a shareholders’ meeting after the call for social distancing and the ban on assembly?
  6. What is the effect on me as a buyer in a business acquisition?
  7. To what extent can I, as an entrepreneur, rely on support measures from the Dutch government?

Below, we try to answer these most frequently asked questions concerning a company and the coronavirus. If you have any further questions about your specific situation, contracts or other questions about the legal consequences of the coronavirus, we will be happy to help you. Please feel free to contact Wintertaling Advocaten & Notarissen.

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Business Valuation & Start-ups

RSmRegistered business valuators also focus on Startups! Marein Smits, principal lecturer of Law for the Business Valuation programme of the Rotterdam School of Management, dives into the legal aspects of (acquisitions of or participation in ) startups and growth companies in light of business valuation, during a dedicated program for professionals.

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Brexit – Ways to Change your Company into a Dutch B.V. or N.V.

In recent years many foreign (listed) companies have become Dutch B.V.’s (private company) or N.V.’s (public company). Vivid examples are Mylan, Fiat Chrysler, Ferrari and Altice.

With Brexit having become fact, companies from the United Kingdom are expected to look for possibilities to migrate to the Netherlands and other EU countries.

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