Aurelius acquires Abelan Board Industrial

Following the transaction, Abelan will merge with Aurelius's Netherlands-based portfolio company Solidus Solutions, which focuses on graphic board and solid board packaging. Solidus previously acquired the northern European operations of Abelan in June 2016.

The transaction means Solidus will have manufacturing operations in the Netherlands, Belgium, the UK, Spain and France, in addition to sales offices in Norway and France.

Existing Abelan managing director Simón Roda will continue in his current role following the merger.

The deal is subject to regulatory approval and is expected to complete in December 2017.

Company
Founded in 1911 and headquartered in San Andrés, Abelan provides core-board and solid-board packaging products. Its core-board products include cardboard tubes and boxes, while its solid-board products include boxes and trays for use in sectors including agriculture, meat and florists.

The business has projected revenues of around €70m in 2017, according to a statement. It has a headcount of 250 across three manufacturing sites in Spain and France.

People
Aurelius Equity Opportunities – Gert Purkert (member of the executive board).
Abelan Board Industrial – Simón Roda (managing director).

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