Aurelius Equity Opportunities SE & Co. KGaA, the listed mid-market pan-European investor, successfully completed the acquisition of Spanish Abelan Board Industrial S.L., a major producer of core board and solid board packaging products operating out of Southern Europe, as of 31 January 2018. The deal will further strengthen Aurelius’ operations in this market as the operations of Abelan will be combined with Aurelius investee company Solidus Solutions. Abelan is one of Europe’s leading providers of core board and solid board packaging solutions. The company employs about 250 people across three manufacturing facilities in Spain and France. It is projected to generate revenues of approximately € 70 m in 2017.
Richard Houben, CEO of Solidus Solutions, clarifies the potential synergy between Solidus Solutions and Abelan: “Solidus Solutions is one of Europe’s leading producers of solid board, graphic board and solid board packaging. This strategic acquisition will enable Solidus to further optimize their service to customers, diversify its operations geographically and accelerate its growth into a leading pan-European mid-market business and establish itself as a true champion in the areas of solid board, graphic board and core board.”