The Britton Group, which is backed by Sun Capital Partners, has closed its buy of Unterland Flexible Packaging GmbH. The Mondi Group was the seller. Financial terms weren’t disclosed. Unterland, of Austria, provides flexible plastic packaging for consumer and industrial applications.
We are pleased to announce that Britton Group, an affiliate of Sun Capital Partners, Inc., has completed the acquisition of Unterland Flexible Packaging GmbH (“Unterland”), an Austrian-based flexible plastic packaging specialist, from the Mondi Group. The purchase price was bridged by an affiliate of Sun Capital Partners.
Unterland is a leading specialist in film-based flexible packaging solutions for both consumer and industrial applications. It is one of Europe’s most technologically advanced sector specialists with more than 50 years of experience offering a range of polyethylene and polypropylene products including films for lamination, printed and stretch films, bread packaging, stretch tubes and converting films. These products serve a variety of end markets including transportation packaging, consumer goods, food, and the medical and pharmaceutical sectors.
Affiliates of Sun Capital Partners have completed more than 30 acquisitions in the packaging industry since inception.
About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in over 275 companies worldwide since its inception in 1995, with combined sales in excess of $40 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen