INFIANA
Majority owner Deutsche Beteiligungs divests shares
9-layer blown film line in Forchheim (Photo: Infiana) |
Speciality films producer Infiana (Forchheim / Germany; www.infiana.com) will soon have a new majority shareholder – in July 2019, private equity firm Pamplona Capital Management (London / UK; www.pamplonafunds.com) acquired a majority stake in the company from Deutsche Beteiligungs (Frankfurt / Germany; www.dbag.com) for an undisclosed sum. The transaction, set to be complete in autumn 2019, is subject to regulatory approval.
The German films producer was previously Huhtamaki’s (Espoo / Finland; www.huhtamaki.com) films division, which was rebranded as Infiana in January 2019 – see Plasteurope.com of 16.01.2015. The company has a workforce of around 800, employed at its production sites in Forchheim and Malvern, Pennsylvania / USA. In 2018, it generated sales of EUR 227m.
The German films producer was previously Huhtamaki’s (Espoo / Finland; www.huhtamaki.com) films division, which was rebranded as Infiana in January 2019 – see Plasteurope.com of 16.01.2015. The company has a workforce of around 800, employed at its production sites in Forchheim and Malvern, Pennsylvania / USA. In 2018, it generated sales of EUR 227m.
27.08.2019 Plasteurope.com [243268-0]
Published on 27.08.2019