Funds advised by private equity firm Triton have reached an agreement to acquire a stake in global packaging group All4LAbels.
Together with the current management of All4Labels, who will continue to run the business, Triton will invest in All4Labels along with the owner families, who all remain invested. All support the future growth of All4Labels, with Triton noting that it brings additional capital and industry expertise to support the expansion strategy of All4Labels, as explained by Peder Prahl, director of the general partners for the Triton funds.
‘We look forward to actively supporting the management and employees of All4Labels as a stable owner by investing in the growth and development of the company. Our industry expertise and international network will further strengthen All4Labels’ position as an innovative and reliable partner to leading local and international companies in various industries,’ said Prahl.
All4Labels, headquartered in Hamburg, Germany, is a global manufacturer, widely using digital printing technology with a specialisation in the home and personal care, as well as food and beverage markets. It is recognised as a supplier of pressure-sensitive labels, shrink sleeves and security labels, as well as flexible packaging. It is a long-standing partner for major local and international companies in Europe, Latin America, Africa and China.
Herbert Doleisch, investment advisory professional and adviser to the Triton Funds, commented, ‘All4Labels operates in a growing and cycle resistant market driven by underlying mega-trends with an attractive product portfolio and strong market position in the geographies it operates in. We look forward to continuing All4Labels’ success story together with management and employees to further develop the global footprint, grow above market and will contribute in taking the company to the next level.’
Triton currently lists 38 companies in its private equity portfolio, with combined sales of nearly €15 billion. The management teams at Triton’s portfolio companies have completed more than 260 add-on acquisitions.
All4Labels was created by the merger of Baumgarten, Rako and X-label. A more recent addition to its ranks has been Italy’s Nuceria Group.
Adrian Tippenhauer, co-CEO at All4Labels, said, ‘We are pleased to welcome Triton as our new partner. Based on its experience from prior investments, Triton has demonstrated deep sector knowledge and will be a real driver towards digitalisation. Triton is clearly the right partner for us for the future as we continue to grow internationally by leveraging our strong core businesses and market leadership in digital printing backed by the network of experts and experience of Triton.’
Current minority shareholder Genui Partners will now sell its stake.
Max Odefey, managing partner at Genui Partners, said, ‘It was a true pleasure to accompany Adrian, Jan, Matthias, Tim and the entire team during their evolution from a German Mittelstand company to one of the leading global players in its market. Our time together was an enrichment on a personal and professional level, and we are thoroughly convinced that All4Labels will successfully continue om its path.’
Fellow All4Labels co-CEO Jan Oberbeck concluded, ‘We like to thank Andreas Jacobs and the Genui team for the extraordinary entrepreneurial and growth-oriented cooperation over the past years. Genui has well understood our unique culture and helped us to maintain and to strengthen it during the period of strong growth and the integration of various companies. Most importantly, we thoroughly enjoyed our time together.’
