KLANN Packaging is a leading manufacturer of high-quality promotional and sales packaging made of printed tinplate. As a carve-out from the Huber Packaging Group, the company was taken over by Mutares in 2011 and, following successful restructuring, has established itself as the leading supplier of high-quality tinplate packaging solutions.
The buyer, Accursia Capital, is a well-known German investment holding company that invests in medium-sized industrial companies with increased operational appreciation potential. By implementing a well targeted long-term buy and build strategy, Accursia intends to significantly enhance its new packaging division over the coming years. KLANN Packaging is Accursia's fourth investment in the last 6 months.
The sale of KLANN Packaging is part of the realignment of Mutares' portfolio and can be considered a great success, as the transaction took place in times of a challenging market environment. The parties have agreed not to disclose the volume of the transaction.
Background information: After Mutares has only made acquaintance with act legal in past transactions as legal advisor to the counterparty, Mutares now relies on the M&A team of act legal for the first time.
Advisors Mutares: actlegal Germany, AC Tischendorf REchtsanwälte: Dr. Matthias Müller, MBA, Dr. Sven Tischendorf, MBA, (both Corporate/M&A, labor law).
Advisors Accursia Capital: Dr., Alexander von der Bergwelt, Dimitrios Andreadis (Munich)