DBAG buys Huhtamaki Films in MBO

DBAG itself will contribute €12.5m for a 17% stake in the all-equity buyout, which has a total purchase price of €141m, while DBAG Fund VI will acquire the remaining stake alongside the company's management team.

Finland-based Huhtamäki Oyj stated it intended to concentrate on its core business of food packaging.

Huhtamaki's management team stated it planned to invest in capacity and products for new applications, as well as to expand internationally.

DBAG aims to complete up to three MBOs and three growth capital investments per financial year. This deal marks the first investment of its November to October fiscal year.

Company
Founded in 1854, Huhtamaki Films develops, produces and finishes plastic-based release liners and other specialised films. 75% of the company's products are tailored to individual consumer needs.

The films are used for hygiene and health products in the construction industry, such as acoustic and thermal insulation and films that protect bitumen sheeting. In the hygiene sector, its products are the basis for adhesive tapes and labels in items including babies' nappies, sanitary towels and tampons. It generated turnover of €187m in 2013.

The company has 1,000 employees worldwide, 600 of whom are based at its Forchheim headquarters. Its additional locations are in the US, Thailand and Brazil.

People
Peter Wahsner is executive vice president of Huhtamaki Films. Ralf Scheffels is a member of DBAG's management board.

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• Topics
• DACH
• Buyouts
• Consumer
• Germany
• Deutsche Beteiligungs AG