URELIUS Acquires Northern European Activities of Abelan Group
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The AURELIUS Group, Munich, Germany, is acquiring the commercial activities of the Abelan Group in Germany and the Netherlands. In 2015, the acquired activities generated revenues of approximately EUR 50 million and had around 170 employees. The completion of the transaction is scheduled for the end of this month (June 2016). Financial terms of the deal were not disclosed.
The acquired activities consist of a paper mill in Viersen, Germany, and a solid board packaging plant in Zutphen in the Netherlands. At its German facility, the company produces mainly solidboard as well as coreboard for tubing and mandrels, edge protectors for the end markets hygiene, tissue, and other industrial sectors. Abelan's packaging division is a significant supplier to the European food sector. All of the company's products are made from recovered paper.
This transaction creates potential synergies across production, purchasing, and sales, with AURELIUS portfolio company Solidus Solutions. Solidus is one of Europe’s leading manufacturers of graphic board and printed solidboard with production facilities in the Netherlands, Belgium, and the U.K. AURELIUS acquired Solidus in April 2015.
"Abelan is a very attractive addition to our portfolio of mid-sized industrial enterprises for which we see significant operational improvement potential," said AURELIUS CEO Dr. Dirk Markus. "We believe that 2016 will be a very good year for AURELIUS and are currently working hard on further company acquisitions and exits."
