IMAP Spain advises logistics services specialist LTK on sale to Rhenus Logistics
LTK is specialized in providing logistics services to the Aerospace and Automotive sectors, with customers including the Airbus Group and Alestis Aerospace.
Employing approximately 300 people, Convert Paper developed its business model based on tailor-made solutions and 24-72h delivery time. The Company’s product portfolio includes sheets of single and double wall corrugated board, single face corrugated board and solid board.
Papierfabrik Adolf Jass GmbH & Co KG, a family-run manufacturer of ecologically friendly papers for corrugated board packaging, operates two manufacturing plants in Fulda and Rudolstadt, Germany, with production capacities of over 1 million tons of paper annually. Through the completed acquisition, Papierfabrik Adolf Jass will expand its operational footprint beyond Germany and will integrate downstream along the value chain.
Trigon Investment Banking served as sole financial advisor to Convert Paper, with Dubiński Jeleński Masiarz and Partners, and Deloitte Legal advising on legal matters. Pöyry Capital and Noerr served as financial and legal advisors to the buy-side, respectively.
Highlighting the strong belief in corrugated board packaging, Dr. Marietta Jass-Teichmann, CEO of Papierfabrik Adolf Jass, commented on the acquisition
“We are excited by this opportunity to expand our product offering, customer base, and packaging expertise. Together with Convert Paper’s management team, we look forward to continuing the Company’s successful growth path.”
Marcin Grabowski, CEO of Convert Paper, added
”with this transaction we gained additional opportunities for growing our business with the strong contribution of an experienced paper manufacturer. We are convinced that Convert Paper joining the Jass Group will be advantageous for both sides and brings a lot of potentials for a future common development.”
Looping was founded in 2011, following the acquisition of 7 parks from Compagnie des Alpes. It comprises 15 leisure parks in Europe.
Established in 1998, Irish Progressive Services International (IPSI) is a Dublin-based provider of technology-enabled Third Party Administration services to the global Life and Pensions Industry.