Announced
Completed
Financials
Sources
Tags
Completed
Containers and Packaging
plastic packaging
Private
Majority
Single Bidder
Acquisition
Cross Border
Private Equity
Friendly
Finland
Synopsis
Hanmere Polythene, a manufacturer of recyclable polythene packaging products, completed the acquisition of Amerplast, a manufacturer of plastic film packaging products, from Lonsdale Capital, a private equity firm. Financial terms were not disclosed. ”We are very happy with our investment in Amerplast and the resulting return. The management team led by Mark Rooney has grown the business and substantially improved its profitability. The team has placed a strong focus on customers during the pandemic and secured a larger share of their business from key accounts. It is gratifying to have done this while helping the environment," Alan Dargan, Lonsdale Co-Founder.
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