Project Description

HMT LLP has advised Hanmere Polythene Ltd, a portfolio company of UK private equity group Chiltern Capital, on their acquisition of Finnish plastic packaging solutions provider, Amerplast.

Chiltern has acquired 100% of the share capital of the business and will combine it with Hanmere Polythene and Plasmech Packaging to form an enlarged, pan-European group. Hanmere is a manufacturer of recyclable polythene packaging products which are supplied into a number of markets including food processing, agricultural and pet food sectors.

Based in Tampere, Finland, Amerplast is a leading provider in the production of flexible plastic packaging solutions for both food and non-food applications to the biggest brands in Europe, with a 60 year heritage in delivering products to B2C markets. Amerplast has two production plants in Finland and a further two in Poland, with sales offices located in Russia, Sweden and Germany.

Following this transaction Mark Rooney, CEO of Amerplast will become CEO of the enlarged group, working with Chairman, David Lennon and CFO, Jim Farrell, as well as the wider senior management team, to lead the business in delivering its ambitious growth plans.

The acquisition represents Chiltern’s third investment in the sector and its first non-UK acquisition, to establish a pan-European flexible packaging group focussed primarily on end markets in food, food processing, hygiene and personal care and offers a strong product, customer and supplier fit for Hanmere.

HMT undertook financial due diligence for Hanmere Polythene Ltd on this transaction.

Ben Robinson from Chiltern Capital commented:

Paul, Corin and Hamish were great throughout the process. Having supported our acquisition of Plasmech, the team know the Group well which led to an efficient and effective process. As always, their advice was clear and concise. We look forward to working with them again.

Paul Read commented:

We are delighted to have advised Hanmere on their acquisition of Finnish based Amerplast, further building on Chiltern’s acquisition plan to establish a leading pan-European packaging group. The transaction supports the Group’s future aspirations in supporting and expanding its portfolio companies through inorganic and organic growth. We look forward to working with Hanmere and Chiltern again in the future.”