Sun European Partners, LLP ("Sun European Partners"), the European
adviser to Sun Capital Partners, Inc. ("Sun Capital"), a leading
private investment firm specializing in leveraged buyouts and
investments in market-leading companies, today announced that one of
its affiliates has acquired Autobar Packaging Group ("Autobar"), one
of Europe's leading manufacturers of plastic packaging products, used
mainly in the food, drink, health, and home and personal care sectors.
Terms of the transaction were not disclosed.
Autobar Packaging offers innovative products across many
applications through its three business units: Veriplast International
(plastic cups, glasses, and trays), Autobar Rigid Packaging (thin wall
plastic packaging for the dairy and other food industries), and
Autobar Flexible Packaging (free standing consumer bags, pallet wrap,
printed shrink film, food packaging, refuse bags, and envelopes).
Autobar Packaging has fifteen production facilities in seven countries
(Germany, the Netherlands, Spain, France, UK, Poland, and Bulgaria).
For more information, please visit Autobar Packaging's website at
www.autobarpackaging.com.
Dave Edwards, CEO, Autobar Packaging Group, stated, "We are very
pleased that an affiliate of Sun Capital Partners has acquired Autobar
given Sun Capital's deep understanding of the packaging industry. We
are confident that the financial resources and operating experience of
the purchaser will support our management team in a measurable fashion
by strengthening Autobar Packaging's value proposition and by
re-positioning our strategic operating plan to capitalize fully on a
wide range of new growth opportunities."
Jason H. Neimark, Managing Director, Sun Capital Partners, Inc.,
added, "Autobar Packaging is one of Europe's leading manufacturers of
plastic packaging products. We look forward to working with Autobar
Packaging's management team and dedicated employees in advancing the
Company's performance to the next level and enhancing its product
quality and customer service."
About Sun European Partners, LLP
Sun European Partners, LLP is the European advisor to Sun Capital
Partners, Inc., a leading U.S.-based investment firm focused on
leveraged buyouts, equity, debt, and other investments in
market-leading companies that can benefit from its in-house operating
professionals and experience. Sun Capital affiliates have invested in
and managed more than 135 companies worldwide since Sun Capital's
inception in 1995 in the United States, with combined sales in excess
of $30.0 billion. For more information, please visit
www.SunEuropeanPartners.com.
