Transaction: Acquisitions
Date: October 2015
Deal value: Not disclosed
Process: Private
Industry: Manufacturing

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FIH Partners advised Faerch Plast on the acquisition of Sealed Air’s European Food Trays Business, a manufacturer of high quality packaging solutions within fresh meat, salad, fruit and food service.

The acquisition covers the tray activities related to the Poole- and Buñol-based manufacturing sites as well as associated commercial activities. The two manufacturing sites have combined annual revenue of DKK ~350 million and ~250 employees.

In combination with Faerch Plast’s position as a leading European producer of packaging trays for the food industry, the acquisition provides the Holstebro-based company with the opportunity to offer its customers a stronger and wider product portfolio and to service customers on an even larger geographical scale with the addition of the Buñol-based factory in Spain.

The acquisition is in line with Faerch Plast’s growth strategy, where international expansion and acquisitions are the key elements. In 2014, Faerch Plast reported revenue of approximately DKK 1.2bn and an EBITDA of approximately DKK 250m. Faerch Plast was acquired by EQT VI, one of the leading private equity groups in Northern Europe, in March 2014.

FIH Partners acted as exclusive financial advisor to Faerch Plast.