Mentha mulling Optimum sale

Mergermarket, a sister publication of unquote", reported on the planned sale, citing two sources briefed on the process and an industry executive.

The process is expected to launch after the summer, according to Mergermarket, with the vendor working off an EBITDA of €10m and revenues of €60m.

Mentha was not available for comment at the time of writing.

Since its acquisition of Optimum in 2014, Mentha has applied a buy-and-build strategy, targeting small Dutch label printing firms with turnovers of €3-4m on average. Several add-ons were completed, starting with Etiro and Villa Etiketten in 2015, which doubled Optimum's turnover, hitting the €25m mark.

The following year, Optimum also bolted on Max Aarts and W&R Etiketten Service. Finally, in June this year, the company made its first foray into the Belgian market with Express Printing Business, specialising in the production of shrink sleeves and self-adhesive labels. This latest add-on enabled Optimum to reach a €60m turnover.

In 2014, Mentha backed the management buyout of Etiket Nederland (now known as Optimum Group), acquiring the business from Dutch property manager NL Vastogoed for an undisclosed amount. The acquisition was the second made through Mentha Capital Fund IV, closed on €107m in 2015.

Founded in 1995, Optimum specialises in the production of self-adhesive labels, tapes and packaging. Its clients operate in the retail, food, industrial, cosmetics, chemicals and logistics sectors, and include international businesses such as Haribo, Yakult, McCain and Adidas. The company also distributes label printers.

Headquartered in Alkmaar, Optimum owns 19 rotation printing presses and seven digital printing machines across five locations in the Netherlands and Belgium. Optimum generates €60m in revenues and employs 260 people.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Industrials
• Belgium
• Netherlands
• Benelux
• Mentha Capital