Middle market private equity firm One Equity Partners has acquired Netherlands-based aluminium and laminate specialty packaging firm Alltub from Aurora Capital Group’s affiliate Aurora Resurgence for an undisclosed sum.
Image: One Equity Partners has acquired aluminium and laminate specialty packaging firm Alltub. Photo: courtesy of rawpixel / Unsplash.
Based in Amsterdam, Alltub offers aluminium and laminate specialty packaging solutions for the customers in the cosmetics, pharma, food and industrial end markets.
Alltub CEO Oliver Hoell said: “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 new phase in our development and put our ambitious growth plans into action.”
Alltub produces various products such as aluminium squeeze tubes, laminate squeeze tubes, aluminum caulking cartridges and aluminum aerosol cans.
The aluminium squeeze tubes of Alltub complemented by laminate squeeze tubes can be used as packaging for pharmaceutical topical creams, ointments and gels.
The company produces aluminium and laminate tubes or aluminium aerosol cans that are suitable for cosmetic products with liquid or semi-solid.
Alltub’s squeeze tubes that can be used for mass-consumption products such as tomato purée, tomato concentrate, mustard, mayonnaise, meat pâté, fish pâté and other foods.
With around 1400 employees, Alltub operates six production plants in France, Germany, Italy, Czech Republic and Mexico.
In addition, the firm produces aluminium squeeze tubes and caulking cartridges, which can be used for multiple applications in various sectors within the automotive industry, and the construction and public works sector.
The company produces over 1.6 billion units per year, and generates more than €150m of sales annually.
Lincoln International served as exclusive financial advisor and Jones Day acted as legal advisor to Aurora and Alltub.
Aurora Resurgence principal Andrew Fohrer said: “We are pleased to have participated in Alltub’s tremendous success and appreciate the efforts of Oliver and his team in delivering a great result for our investors.
“Today’s transaction represents a terrific outcome for the business and we wish the team all the best as they enter an exciting new chapter of growth.”
Based in Los Angeles, Aurora Resurgence is a private equity firm that invests in equity and debt securities of middle market companies.