Van Leer Packaging Explained

Royal Packaging Industries Van Leer N.V
Type:Subsidiary of Huhtamäki
Location City:Amsterdam
Key People:Bernard van Leer, CEO
Industry:industrial-and-consumer packaging

Van Leer Packaging is a packaging company which had 17,000 employees and generated more than 2 billion in sales globally. In May 1999, Royal Packaging Industries Van Leer N.V was acquired by rival Huhtamäki.

History

Van Leer Packaging was founded in 1919 by Bernard van Leer. Working in post World War I, Bernard started a small factory outside of Amsterdam. Van Leer Packaging then expanded into the industrial packaging field and received its first breakthrough in 1925 for a large steel drum order from the Shell Oil Company.[1] By 1997 it is reported to have generated over $4.75 billion and post steady profit growth. In 1999, Huhtamäki acquired Van Leer Packaging for about $1 billion (~$ in).[2]

Van Leer Group Foundation

After the acquisition of Royal Packaging Industries Van Leer, The Van Leer Group created the Bernard Van Leer Foundation,[3] which funds the Jerusalem Film Centre[4] and the Van Leer Jerusalem Institute.[5]

See also

External links

Notes and References

  1. http://www.fundinguniverse.com/company-histories/royal-packaging-industries-van-leer-n-v-history/ History, Background Information on Royal Packaging Industries Van Leer N.V.
  2. News: Huhtamaki to Buy Van Leer In a Deal Valued at $1 Billion. Paulo. Prada. The Wall Street Journal. July 23, 1999.
  3. http://www.vanleergroupfoundation.nl Van Leer Group Foundation - Home
  4. The Jerusalem Cinematheuqe | סינמטק ירושלים
  5. The Van Leer Jerusalem Institute