One Equity Partners, a middle-market private equity firm, today announced that it has acquired the Alltub Group ("Alltub" or the "Company"). Terms of the transaction were not disclosed.

Founded in 2005 as a spin-off from the aluminum producer Alcan, Alltub is a market leader in aluminum and laminate specialty packaging for the cosmetics, pharma, food and industrial end markets. Headquartered in Amsterdam, Alltub operates a global production and sales platform with facilities in the Czech Republic, France, Germany, Italy and Mexico. With revenues of EUR 150 million in 2017 and more than 1,400 employees, the Company has experienced steady growth in recent years and serves large global customers around the world.

"One Equity Partners has significant experience in the packaging industry and a notable track record of building successful companies," said Johann-Melchior von Peter, Senior Managing Director at One Equity Partners. "Alltub fits perfectly into our portfolio. With a resilient business model and the clear potential to become a world-leading tube and aerosol player, Alltub is an ideal platform for buy-and-build opportunities in a consolidating market."

"The dedication of our skilled workforce will allow us to continue expanding into new markets and delivering customer satisfaction. We look forward to working with One Equity Partners as we enter this exciting new phase in our development and put our ambitious growth plans into action," said Oliver Hoell, CEO of Alltub.

 

Source: nasdaq.com

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