EQT VI has entered into an agreement to acquire Færch Plast A/S. Færch Plast is a market leader within rigid plastic packaging for ready meals and protein food trays in the UK, Scandinavia and Benelux.
Færch Plast was founded in 1969, and has since then grown into a market leader in several growing areas of the packaging industry through excellence in production and product innovation. The company has during the last 5 years invested significantly in production automation, footprint and new product development providing a strong platform for accelerating growth even further. With EQT VI as the new owner, growth will be pursued both through additional market penetration and via acquisitions with Færch Plast as the platform.
“EQT has followed Færch Plast for several years and we are deeply impressed by the quality and dedication of the employees we have met. We are also impressed by the strong market positions of Færch Plast and the strength of the relationships to its key customers. We believe this is a very strong platform from which to pursue further growth” says Morten Hummelmose, Partner at EQT Partners, investment advisor to EQT VI.
In 2013, Færch Plast expects revenues of approximately DKK 1.1 billion and an EBITDA of DKK 236 million, and has approximately 500 employees primarily based in Denmark, the UK and Czech Republic.
The transaction is subject to regulatory approvals from the competition authorities.
The parties have agreed not to disclose the transaction value.
Morten Hummelmose, Partner at EQT Partners, investment advisor to EQT VI +45 33 18 12 46
EQT Press Department, +46 8 506 55 334
EQT is the leading private equity group in Northern Europe, with portfolio companies in Northern and Eastern Europe, Asia and the US with total sales of more than EUR 25 billion and over 550,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More information can be found on www.eqt.se
About Færch Plast A/S
Færch Plast is one of Europe’s leading producers of packaging for ready meals, fresh meat and cold foods and snacks. The company has approx. 500 employees working at three factories in Denmark, England and the Czech Republic as well as sales offices in France and the UK. The company specializes in plastic packaging for the food industry and has a dominant position within CPET ready meals in the UK and a strong market position in Scandinavia within applications such as fresh meat and cold foods & snacks.
More information can be found on www.faerchplast.com