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FRANCE - ABN AMRO Capital and Astorg acquire OFIC

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ABN AMRO Capital France and Astorg Partners have acquired OFIC for an enterprise value of EUR 210m. The buyout houses have taken equal shareholdings in the company, alongside its management team headed by Jean-Louis Roques. The deal also involves members of the company’s founding family and around 40 managers.

Paris-headquartered OFIC owns Onduline, a world leader in manufacturing and selling tar roof coverings. It also owns Cellulose de la Loire, which specialises in moulded alveolate cellulose plates, used for packing and transporting eggs. OFIC employs more than 1,000 people across its 25 commercial subsidiaries and its 10 industrial sites. In 2005, its turnover of EUR 250m was mainly generated in France, Spain, Italy, Poland, Russia and Turkey. Following this recent deal, Onduline’s management team will be co-directed by Albert Costi and Bertrand Laferrère.
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