OEP buys Linpac Allibert

The private equity arm of JP Morgan acquired Linpac Allibert with a view to complement its existing investment in plastic packaging business Schoeller Arca Systems. OEP will operate both companies as independent sister companies for the time being, but stated it would consider further integration at a later date.

Linpac Allibert is part of the Linpac Group, which was owned by Montagu between 2003 and 2009 – when the buyout house lost control of the business in a debt-for-equity swap. Montagu had nevertheless recouped around 80% of its investment in 2007 through a recapitalisation.

Linpac had already sold five assets to Chamonix Private Equity in early 2011, in a move to ease part of its debt burden.

Company
Headquartered in Quinton, Linpac Allibert specialises in returnable transit packaging. Its product range includes folding, nesting, stacking and attached-lid containers, as well as dollies, pallets and bulk-handling equipment.

Linpac Allibert posted a €181m turnover in 2010. It employs 1,150 staff across the UK, France, Germany and Spain.

People
Christoph Giulini led the deal for OEP. Ian Robinson is managing director of Linpac Allibert.

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