One Equity Partners (OEP) acquires Linpac Allibert
(firmenpresse) - One Equity Partners Europe GmbH / Key word(s): Enterprise/
One Equity Partners (OEP) acquires Linpac Allibert
DGAP-Media / 01.03.2012 / 12:03
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One Equity Partners (OEP) acquires Linpac Allibert
- Acquisition complements OEP's footprint in the returnable transit
packaging business
- Linpac Allibert and Schoeller Arca Systems to join forces as sister
companies
Frankfurt, 1 March 2012 - As of today, LA-Holding B.V., an acquisition
company controlled by OEP advised vehicles, completed the acquisition of
100 percent of Linpac Allibert. Linpac Allibert, the former returnable
transport packaging business of Linpac Group, is an international
specialist in reusable containers and multi-trip systems. The company
manufactures the world's largest range of returnable transit packaging,
including the iconic Maxinest tray and the Maxipac bulk unit. The products
include folding, nesting, stacking and attached-lid containers, as well as
dollies, pallets and bulk-handling equipment. In 2010, Linpac Allibert had
revenues of EUR 181m, employing a total of 1,150 people in the UK, France,
Germany and Spain. Linpac Allibert has a head office in Quinton, England,
and sales companies in Belgium, Italy and Sweden.
This acquisition complements OEP's footprint in this business. The company
was acquired with the intention of creating a joint ownership structure
with Schoeller Industries, the current partner of Schoeller Arca Systems.
OEP owns a controlling stake in Schoeller Arca Systems, a global market
leader in plastic packaging systems. For the time being, OEP will operate
both companies as independent sister companies. An integration of Linpac
Allibert and Schoeller Arca Systems is under consideration. In close
cooperation with managements at Schoeller Arca Systems and Linpac Allibert
and the boards and shareholders of both companies, a cooperation agreement
will be discussed with the intent to create an alignment of interest that
allows to realize synergies.
'We bought Linpac Allibert because we believe in the company's market
position, its management and its potential for growth. We will ensure that
the single overriding rationale will be to better serve the customers needs
through a broad product range, an even more innovative business model and
superior service,' said Christoph Giulini, Managing Director at OEP.
'This investment gives Linpac Allibert a stable ownership structure and the
financial leeway needed for further development. After a time of
uncertainty, we look forward to working with OEP and Schoeller Arca Systems
and building the basis for sustainable growth,' said Ian Robinson, Managing
Director of Linpac Allibert.
'As Schoeller Arca Systems and Linpac Allibert complement each other, the
cooperation will make both companies stronger,' said Erik de Bokx, Chief
Executive Officer of Schoeller Arca Systems.
The parties have agreed not to disclose the financial details of the
transaction.
About One Equity Partners:
One Equity Partners (OEP) is an international private equity firm which
focuses its investment activities on opportunities for industrial
consolidation. OEP enters into long-term partnerships with both
corporations and mid-market companies in order to create sustainable added
value through strategic changes. OEP was founded in 2001 and manages funds
of approx. 11bn USD exclusively for J.P. Morgan. OEP manages its European
private equity business from Frankfurt with a team of 10 management and
investment specialists who have successfully accompanied many European
companies with their growth in recent years.
Media contact:
For One Equity Partners
Max Hohenberg
Tel.: +49 172 899 6264
Email: max.hohenberg(at)cnc-communications.com
Web: www.oneequity.com
End of Media Release
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