La Salle advise on sale of UK stretch film specialist to European group
La Salle are delighted to have advised on the deal which see's the UK's leading stretch-film specialist Eurofilms, join European plastic packaging group Trioworld.
Overview:
Based in Telford, Shropshire, Eurofilms are the UK’s largest pallet wrap/stretch film manufacturer with an annual turnover of £30m.
Will Humphrey’s, CEO at Eurofilms, instructed La Salle Corporate in September 2021 to assist with the sale of the company.
A number of potential acquirers were sourced from across Europe and the US.
As a leader within the UK market, and an established, sustainable brand there was naturally a lot of interest in Eurofilms. European plastic packaging specialists Trioworld emerged as the front-runners with obvious synergies between the two companies. The whole process took under six months from instruction to completion.
Matt Dillon, Partner at La Salle Corporate commented:
“Eurofilms is a well-established business in the stretch film space. This acquisition by Trioworld is the missing piece of the jigsaw for their European plans. From the start of the process, it is evident to see that Trioworld were the perfect fit. It was a pleasure to advise Will and the other shareholders on the sale and I wish them the very best for the future.”
Per Holtstrand, area manager of stretch film at Trioworld Group said:
“We are delighted to welcome Eurofilms to the Trioworld group. Eurofilms has shown very strong development over the last few years, contributing to the safer transport of goods on UK and European roads. The portfolio of innovative products and the excellent support of customers is impressive. The company is well invested and the management is focused on expanding the product offering for customers.
With our combined forces we will continue on this successful path"
Will Humphreys, CEO of Eurofilms added:
"We see Trioworld as a very good owner and partner in developing our business to the next level.
Both parties are bringing a strong product portfolio to market, with unrivaled service and expertise. Together we will be able to create more value for our customers”
Trioworld Group CEO, Andreas Malmberg, comments:
"I am delighted that our two companies can now join forces to develop the best circular offering in the recycled plastics market. Eurofilms' outstanding commitment to service and support in the UK and Western European market provides a fantastic platform for increased growth.”
Company Profiles:
Eurofilms Extrusion Limited – Telford, Shropshire, UK
Incorporated in 1995, Eurofilms have established themselves as the No. 1 manufacturer of pre-stretch films within the UK and No. 2 in mainland Europe, marketed under their Euro-lite range.
Trioworld (backed by Altor Equity Partners) - Sweden
Group consists of 16 companies, 1,400 staff, and generates a €750m turnover.
Operates facilities in Sweden, Denmark, the Netherlands and France.
Offers a wide range of plastic packaging solutions. Backed by Altor Equity Partners since March 2018.
Deal Advisors:
Buy-side Trioworld:
- Legal: Oliver Duke at Walker Morris
- Legal: Mannheimer Swartling at Anders Luckander
Sell-side Eurofilms:
- M&A: Matt Dillon at La Salle Corporate
- Legal: Addleshaw Goddard - Richard Hunt & Victoria Kierans
Read more about this deal around the web:
(La Salle have no control over media on external links)
Real Deals (subscription required)
More News & Deals...
Our 'Focus On' Resource Series...
