Aurelius successfully completes acquisition of Spanish packaging specialist Abelan
- Deal represents Aurelius’ third acquisition in the European packaging sector since 2015
- Aurelius plans to further strengthen its operations in the packaging sector
- Three manufacturing facilities in Spain and France
- Projected revenues of c.€70m in 2017
Munich/London/Madrid, February 1, 2018 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) successfully completed the acquisition of Abelan Board Industrial S.L., a major producer of core board and solid board packaging products operating out of Southern Europe, as of January 31, 2018. The deal represents AURELIUS’ third acquisition in the European packaging sector since 2015 and will further strengthen the Group’s operations in this market. The financial terms of the deal are undisclosed. Aurelius plans to further strengthen its operations in the packaging sector via strategic add-on acquisitions going forward.
Founded in 1911, Abelan has grown to be one of Europe’s leading providers of core board and solid board packaging solutions. The Company is headquartered in San Andrés in northern Spain and employs c.250 people across three manufacturing facilities in Spain and France. It is projected to generate revenues of approximately €70m in 2017. 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.
Managing Director of Abelan, Simón Roda, will continue to lead the Company. Abelan will be combined with AURELIUS investee company Solidus Solutions, one of Europe’s leading producers of solid board, graphic board and solid board packaging with c.1,000 employees. Solidus has production facilities in the Netherlands, Belgium and the UK, having integrated its sites after AURELIUS acquired the Northern European activities of Abelan in June 2016, as well as dedicated sales offices in France and Norway. AURELIUS’ acquisition of Abelan, and the integration of its production facilities and customer base into Solidus, will create synergies across both companies’ production, purchasing and sales. In addition, it will strengthen Solidus’ access to Southern European markets and establish Solidus as a leading player in the areas of solid board, graphic board and core board.