| Company type | Subsidiary of Huhtamäki |
|---|---|
| Industry | industrial-and-consumer packaging |
| Founded | 1919; 105 years ago (1919) |
| Headquarters | Amsterdam |
| Key people | Bernard van Leer, CEO |
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. 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 (~$1.72 billion in 2023).
Van Leer Group Foundation
After the acquisition of Royal Packaging Industries Van Leer, The Van Leer Group created the Bernard Van Leer Foundation, which funds the Jerusalem Film Centre and the Van Leer Jerusalem Institute.
See also
References
- ^ Prada, Paulo (July 23, 1999). "Huhtamaki to Buy Van Leer In a Deal Valued at $1 Billion". The Wall Street Journal.
- History, Background Information on Royal Packaging Industries Van Leer N.V. Fundinguniverse.com.
- Van Leer Group Foundation - Home
- The Jerusalem Cinematheuqe | סינמטק ירושלים
- The Van Leer Jerusalem Institute
External links
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