One Equity Partners has acquired Netherlands-based aluminium and laminate specialty packaging firm Alltub from Aurora Capital Group’s affiliate Aurora Resurgence. Amsterdam based Alltub offers aluminium and laminate packaging solutions for customers in the cosmetics, pharma, food and industrial end markets.
Commenting on the acquisition, 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’s packaging product range includes aluminium squeeze tubes, laminate squeeze tubes, aluminium caulking cartridges and aluminium aerosol cans. The aluminium squeeze tubes and laminate squeeze tubes are used as packaging for pharmaceutical topical creams, ointments and gels.
The company also produces aluminium aerosol cans that are suitable for liquid or semi-solid cosmetic products. Alltub’s squeeze tubes are also used for FMCG products such as tomato purée, tomato concentrate, mustard, mayonnaise, processed meat or fish and other edibles.
The firm also produces aluminium squeeze tubes and caulking cartridges to be used for various applications within the automotive industry, and the construction and public works sector.
Alltub operates six production plants in France, Germany, Italy, Czech Republic and Mexico and has about 1400 employees. It has an annual capacity of over 1.6 billion units and generates more than €150 million of sales annually.
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.
Aurora Resurgence is a private equity firm in Los Angeles that invests in equity and debt securities of middle market companies. Both the companies are looking at boosting business growth through this acquisition.
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