Centroplast's sale to SAICA marks another cross-border transaction for packaging
MILAN, July 26, 2016 /PRNewswire/ -- Athena Private Equity S.A. ("Athena") and IMI Fondi Chiusi SGR ("IMI") have completed the sale of Centroplast Group ("Centroplast"), one of the leading providers of flexible packaging for the food industry, to SAICA, a Spanish operator among the European leaders in recycled paper and cardboard.
Centroplast, based in Meldola (Forli), has nearly doubled its revenue following a recent MBO that enabled the Company to establish a clear strategic plan. The Company is forecasted to achieve revenue of approximately €75 million in 2016. The primary drivers of Centroplast's revenue increase are sustained growth in the European markets and demand from major multinational food companies. Over the years, Centroplast has also benefited from its significant investments in improving the efficiency and environmental sustainability of the business.
SAICA, which recently entered the plastic packaging sector, plans to leverage Centroplast and the management team to develop and execute an ambitious international growth strategy.
Lincoln International acted as the exclusive financial advisor to Athena and IMI on this transaction.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
[email protected]
(312) 506-1950
Photo- http://photos.prnewswire.com/prnh/20160725/392668
SOURCE Lincoln International LLC
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