Private equity investor Peak Rock Capital has acquired Italian packaging specialist AMB alongside the company’s founders, current owners and management team.
AMB, which specialises in the provision of rigid and flexible films for use in food packaging, is headquartered in San Daniele, Italy, with operations across a number of European countries, including the UK and Germany.
AMB also offers design, prototyping and tooling services to its customer base, which includes food manufacturers and packaging thermoformers.
Alex Dabbous, MD of Peak Rock Capital Europe, commented: “AMB represents an exciting opportunity for us to invest in a leading provider of recyclable products within the stable and growing European market for rigid food packaging materials.
“We are excited to partner with the Marin family and the company’s talented management team to support AMB’s growth through geographic and customer expansion, product innovation, and potential add-on acquisitions.”
Bruno Marin, CEO of AMB added: “The investment by Peak Rock is another huge step in our growth plans, perhaps the largest in our company’s history. Over the past 50 years, AMB has become a leader in its space through innovation, talented people and an unwavering focus on our defined vision. Peak Rock has been an active investor in our market historically and truly understands not only our business but the future growth potential of the industry.”
The company has 430 employees and posted €180m in revenues in 2020.
Anthony DiSimone, CEO of Peak Rock, added, “This transaction exemplifies Peak Rock’s extensive experience in investing in founder and family-owned companies.
“Given our deep expertise in the packaging segment, we will continue to seek additional platform investments in the industry across Europe and North America, as well as add-on acquisitions that we believe could benefit from our ability to drive rapid growth and improve performance.”
US mid-market PE house Peak Rock recently bought Welsh cereal bar manufacturer Halo Foods in September following a successful turnaround since being bought by Dutch investment firm Nimbus in 2016.