Thursday 21 February 2019

German group acquires Abelan Board Industrial

BERLIN, February 6, 2018

Germany-based Aurelius Equity Opportunities, a listed mid-market pan-European investor, has completed the acquisition of Abelan Board Industrial, a major producer of core board and solid board packaging products operating out of Southern Europe.

The deal will further strengthen Aurelius’ operations in this market as the operations of Abelan will be combined with Aurelius investee company Solidus Solutions, said a statement.

Richard Houben, CEO of Solidus Solutions, said: “We are one of Europe’s leading producers of solid board, graphic board and solid board packaging.”

“This strategic acquisition will enable Solidus to further optimise their service to customers, diversify its operations geographically and accelerate its growth into a leading pan-European mid-market business and establish itself as a true champion in the areas of solid board, graphic board and core board,” he said.

Founded in 1911, Abelan has grown to be one of Europe’s leading providers of core board and solid board packaging solutions.

The company is headquartered in San Andrés in northern Spain and employs c.250 people across three manufacturing facilities in Spain and France.

Abelan has two key areas of expertise: the production of core board, for cardboard tubes, boxes and other applications within packaging, and its solid board packaging division (Videcart), which supplies a large variety of boxes and trays to major distribution brands in the European agricultural, meat, flower and various other industries. – TradeArabia News Service

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