Aurelius successfully completes acquisition of Spanish packaging specialist Abelan
- Deal represents Aurelius’ third acquisition in the European packaging sector since 2015
- The operations of Abelan will be combined with those of Aurelius investee company Solidus
- Three manufacturing facilities in Spain and France
- Projected revenues of c.€70m in 2017
Munich/London/Madrid, February 6, 2018 – Aurelius Equity Opportunities SE & Co. KGaA, the listed mid-market pan-European investor, 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 will further strengthen Aurelius’ operations in this market as the operations of Abelan will be combined with Aurelius investee company Solidus.
Richard Houben, CEO of Solidus, clarifies the potential synergy between Solidus and Abelan: “Solidus is one of Europe’s leading producers of solid board, graphic board and solid board packaging. This strategic acquisition will enable Solidus to further optimize their service to customers, diversify its operations geographically and 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.”
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 (Videcart), which supplies a large variety of boxes and trays to major distribution brands in the European agricultural, meat, flower and various other industries.