Vienna-based Duropack appears headed for the selling block as One Equity Partners (OEP) is reportedly weighing its options for the company. OEP acquired Duropack last year when it purchased a 91% share of Constantia Packaging AG. Should OEP decide to go through with a sale, industry analysts expect that it go for as much as €350 million.
Another Constantia company, Austria Metall, is also being considered for sale. That deal could be worth up to €1 billion.
Duropack (www.duropack.at)
Duropack is a packaging materials manufacturer specializing in corrugated cardboard, packing paper, and other packaging materials. The company also provides an extensive list of services including logistics, design and development, consulting, and even an educational academy teaching the broad concepts of corrugated board and packing materials.
Duropack operates a total of 18 plants, waste paper collection facilities, and offices in 10 countries including Austria, Germany, the Czech Republic, Slovakia, Slovenia, Serbia, and Bulgaria.
Duropack’s 2009 sales revenues came in at just over €262 million.
One Equity Partners (www.oneequity.com)
One Equity Partners is a private equity investor and asset manager working on behalf of JPMorgan Chase and managing more than US 8 billion in total assets.
OEP typically invests between US 50 million and US 200 million through growth capital projects and management-led buyouts. Since its inception the company has spent more than US 4 billion to acquire 40 companies in a variety of sectors. Among those sectors are manufacturing, defense, health care, technology, and travel.
11/02/2011
Austria, Central & Eastern Europe, Exit, Paper & Packaging, Private Equity News