Sun European Partners buys Unterland Flexible Packaging

The value of the deal has not yet been disclosed, and formal completion is subject to regulatory approval.

The acquisiton is the latest in Sun's moves to expand its packaging portfolio. Earlier this year it bought Britton Flexibles Ltd in a secondary buyout thought to be worth €90m.

Unterland has previously been the subject of a private equity buyout, with Capital Management Partners acquiring the firm for an undisclosed amount in February 2004.

It was sold to Mondi Plc in June 2007 for €74m.

Debt
No debt details have been disclosed.

Company
Austria-based Unterland Flexible Packaging GmbH is a specialist in polyethylene and polypropylene plastic films. The firm was founded in 1959.

Advisers
Equity - Kirkland & Ellis (Legal).

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

• Topics
• DACH
• Industrials
• Buyouts
• Now researching
• Austria
• Sun European Partners