Aurelius Equity Opportunities has acquired Abelan Board Industrial, a major producer of core board and solid board packaging products, for an undisclosed fee.
The deal represents Aurelius’ third acquisition in the European packaging sector since 2015.
The group features three manufacturing facilities in Spain and France, with projected revenues of €70m this year.
Abelan has two key areas of expertise: the production of core board, for cardboard tubes, boxes and other applications within packaging, and its solid board packaging division, which supplies a large variety of boxes and trays to major distribution brands in the European agricultural, meat, flower, and various other industries.
Aurelius board member Gert Purkert said: “We are very pleased to be announcing Aurelius’ acquisition of Abelan, a company performing very impressively in a sector in which Aurelius has previously invested. This strategic acquisition will enable Solidus to further diversify its operations geographically, realise significant synergies, accelerate its growth into a leading pan-European mid-market business and establish itself as a true champion in the areas of solid board, graphic board and core board. Following the successful investment in Tavex Europe, this deal also highlights Aurelius’ continued commitment to the Iberian Peninsula, supported by its local office in Madrid.”