Sun European Partners, LLP (“Sun European Partners”) today announces that one of its affiliates has completed the sale of its investment in Albéa, a global leader in the BPC packaging industry, to Funds advised by PAI Partners.
Albéa was acquired by an affiliate of Sun European Partners in 2010. During such ownership there was a step change in performance, with significant capital expenditure leading to profitability improvement by over 80% along with a 600 basis point lift in margins. This was achieved through business growth with customers as well as continuous improvement, procurement and other operating initiatives.
Jerome Nomme, Managing Director of Sun European Partners, commented: “We are pleased to have completed our sale of Albéa. The strategy employed by our operations team allowed for a successful exit and we are delighted with the progress made by the company during our ownership. We wish the team at Albéa the very best in the future”.
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