Mount Alma takes masking and packaging tape company, Evotape
With effect from June 21, 2010, the group has acquired International Mount Alma group of bluO Evotape investment fund based in Luxembourg. Both parties have confirmed the closure of a joint press conference.
Evotape is a leading manufacturer of masking tapes and packing, which generates an annual turnover of 60MEUR with over 300 employees at its plants in San Pietro Mosezzo and SS. Cosma e Damiano (Italy). main customers are Beiersdorf (tesa) and Henkel. Hermann Huber The managing director said: “We look forward to working with the new shareholder, which will enhance positive results achieved thus far and secure future growth Evotape group.
As a result I will continue to support the new direction the group. “Mr. Paul Keller, Mount Alma confirmed:” Evotape represents our first acquisition in Europe and are looking for investment opportunities. “
In addition to the purchase price of 19MEUR, a variable component has been negotiated. The price includes all active and production centers. No display of combat confidence. Markus Zöllner bluO manager said: “We are very happy that the new shareholder will bring new exciting opportunities for Evotape in the” short and long term. The transaction is the first transfer of bluO, which was founded in 2008.
Mount Alma represents a group of South American investors specializing in plastic and adhesive industries.
Posted in Luxembourg