Speciality packaging producer Alltub has been acquired by middle market private equity firm One Equity Partners (OEP).
OEP has bought 100% of the Alltub Group from previous shareholder Aurora Capital. Terms of the transaction have not been disclosed.
Alltub was founded in 2005 as a spinoff from the aluminium producer Alcan. The Amsterdam-headquartered company specialises in producing speciality packaging, including aerosol cans, for the cosmetics, pharma, food and industrial end markets.
The company has a global sales platform, with facilities in the Czech Republic, France, Germany, Italy and Mexico. Alltub had revenues of €150 million in 2017, and employs 1,400 people.
“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, in a statement.
Private equity firm OEP is focused on the industrial, healthcare, and technology sectors in North America and Europe.
“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.”