Manufacturer of specialty packaging and labeling materials
Acquired 100% of Business Operations
Advanced Safety Technologies B.V.
Manufacturer of airbag components
Advised on Sale of Company
Gimv and management sell ALT Technologies (“ALT”) to CCL Industries (“CCL”).
Gimv and management have reached an agreement to sell ALT Technologies to CCL Industries. ALT is a global converting company producing die?cut, self?adhesive and printed components for Gimv and management sell ALT Technologies (“ALT”) to CCL Industries (“CCL”). the automotive industry and other durable goods, while CCL is the world’s largest label company.
Together with Gimv, ALT strengthened its position as a trusted supplier to the global automotive industry, with a portfolio spanning occupant?safety components, labels and other functional parts.
CCL’s Automotive, Electronics & Durables activities (CCL Design) provide long?life, high?performance labeling and functional products to global manufacturers, making ALT a highly complementary addition to the group’s capabilities and footprint.
The transaction is subject to customary closing conditions.
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