Teufelberger And Sigma Plastics Group’s Acquisition of Maillis Plastics Solutions

Renzenbrink & Partner advised H.I.G. Capital on the deal.

H.I.G. Capital announced the sale of Maillis Plastics Solutions, Poland, to a consortium of Austrian family-owned Teufelberger and U.S.-based Alpha Industries Management, part of the Sigma Plastics Group.

Maillis Plastics Solutions had been part of the international Maillis Group since 2000, which in turn was acquired by H.I.G. Capital in 2014. The group employs more than 750 people and generates sales of around EUR 200 million.

MPS is a European solutions provider for stretch and strap packaging consumables and is headquartered in Karczew, Poland. MPS is a full-range supplier of leading quality products that are critical components for safe product delivery, including load security and pallet stability. Its products are used by a broad range of international blue-chip customers across Europe.

Teufelberger is a seventh generation family-owned company that, in its more than 230 years of corporate history, has established a strong global market position in the production of fiber ropes, steel cables, and strapping. The company generates more than €290 million in revenue, operates 12 locations internationally and employs over 1,350 people. The product portfolio includes steel ropes for ropeways, cranes, and forestry applications; synthetic fiber ropes for applications such as sailing, personal fall protection, tree care, and industrial applications; as well as high performance strapping.

Sigma was founded in 1978 by Alfred Teo and is the largest privately owned film extrusion group in North America. Based in Pompano Beach, Florida, the company has 42 manufacturing facilities producing an annual throughput of over 2 billion pounds of resin and employs over 4,500 people. Sigma manufactures a variety of flexible packaging products servicing the industrial, agricultural, food, medical, retail, hygienic and converter film markets.

The Renzenbrink & Partner team consisted of partners Dr. Ulf Renzenbrink (Picture), Dr. Andreas Stoll and Dr. Niels Maier, senior associates Jonas H. Hamm and Dr. Alexander Haunschild as well as associate Malte Pulmer (all Corporate/M&A).

Involved fees earner: Jonas Hamm – Renzenbrink & Partner; Alexander Haunschild – Renzenbrink & Partner; Niels Maier – Renzenbrink & Partner; Malte Pulmer – Renzenbrink & Partner; Ulf Renzenbrink – Renzenbrink & Partner; Andreas Stoll – Renzenbrink & Partner;

Law Firms: Renzenbrink & Partner;

Clients: H.I.G. Capital, LLC;

Federica Tiefenthaler

Author: Federica Tiefenthaler