FIELDS Group is pleased to announce that they have a Agreement reached to acquire 100% of the shares of SULO EMBALLAGEN GmbH. SULO develops EMBALLAGEN and produces steel drums for the chemical and food products industry and is based in Herford, North Rhine-Westphalia. The company is a of the leading suppliers
of steel drums in Germany and has more than 90 years in the market active. The annual turnover is approximately € 40 million. The company is sold by Plastic Omnium Environment, the environmental division of Compagnie Plastic Omnium of France. The acquisition will be completed in the coming months.

Anne Willem de Vries from FIELDS GROUP ”
Sulo EMBALLAGEN produces high quality steel barrels large volumesen therefore fits the profile of FIELDS Group. The acquisition will SULO EMBALLAGEN enable the activities based on its high quality and good customer relations in the years to further expand. Henry Freudenreich, CEO of SULO EMBALLAGEN adds: “By working together with FIELDS Group we can benefit from the extensive experience and expertise of FIELDS Group in the field of high quality, high volume production. Together with FIELDS Group SULO EMBALLAGEN activities develop its current and adjacent markets and we continue our clients and meet their needs for packaging and of steel.