Swedish group completes another deal acquiring UK stretch film manufacturer

La Salle are delighted to announce the sale of Wolverhampton-based stretch film manufacturer Quality Films Limited to European plastic packaging group Trioworld.  This is the second deal this year La Salle advised on involving the Swedish-based acquirer.

Overview:

Quality Films Limited are a key player within the UK market, producing high performance industrial and consumer packaging films and have a 35+ strong workforce.

Following the conclusion of a deal in March 2022 which saw La Salle advise Eurofilms in their sale to Trioworld, Matt Nicholson of Quality Films approached La Salle with a view to finding a buyer for the company.

A full process was undertaken, and a number of potential acquirers sourced from across Europe, the US and Asia.

Given the existing relationship formed during the Eurofilms deal, Trioworld emerged as the front-runners with the Swedish group looking to further broaden their portfolio and establish dominance in the market. The deal took under 5 months to complete, a month shorter than the Eurofilms deal.

Matt Dillon, Partner at La Salle Corporate commented:

"Having sold Eurofilms earlier in the year, we knew that the stretch film market was a buoyant sector. Quality Films is a well-established, reputable firm in this space so we were delighted to work with them. It was a pleasure to advise Matt, his family and Sonia on the deal. Trioworld was an obvious home for the business having acquired their competitor earlier in the year. I wish the business and the shareholders every success in the future."

Per Holtstrand, Divisional President of Stretch Film Division at Trioworld said:

"With our joint forces, we will continue to develop in the UK market with focus on sustainable high-performance solutions for load security.”

Matt Nicholson, CEO of Quality Films added:

“Trioworld will help to take the Quality Films brand to the next level and build on the foundations we have laid since 1994. Combining our experiences will be hugely beneficial for customers as we can deliver better quality and value, something we have strived for since day one.”

Trioworld Group CEO, Andreas Malmberg, comments:

"I’m very happy that Quality Films will join our journey in developing the best circular offering in the market for recycled plastics. Quality Films superior commitment to innovative products and customer support in UK gives a fantastic platform for enhanced growth.”

Company Profiles:

Quality Films Limited – Wolverhampton, UK (https://www.quality-films.co.uk)

Formed in 1994, Quality Films are an independent manufacturer of pallet stretch film, based in the heart of the Midlands (UK). Operating from a 30,000 square foot premises, the company distribute to the UK and Europe and have over 260 active customers.

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: Anders Luckander & Daria Yan at Mannheimer Swartling

Sell-side Quality Films:

• M&A: Matt Dillon at La Salle Corporate
• Legal: David Mkhitarian, James Down, and James Redshaw at Hill Dickinson LLP

Read more about this deal around the web:

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