Unnox Group, which is backed by Sherpa Capital, has acquired Puerto de Santa Maria, Cadiz-based High Technology Masterbatches, a maker of films for agriculture, packaging, packing and multifilament. No financial terms were disclosed.
PRESS RELEASE
Madrid, 6 April 2021 – Unnox Group, an investee company of Iberian private equity firm Sherpa Capital, has completed the acquisition of HIGH TECHNOLOGY MASTERBATCHES (HTM), a Spanish company based in Cadiz specialising in the development, production and marketing of masterbatches for the plastics processing industry.
Founded 12 years ago, HTM is headquartered in El Puerto de Santa MarÃa, Cádiz, a location that ensures a logistical operation in accordance with the needs of the international export market. The company exports 50% of its current production and is an active member of Operation Clean Sweep® (OCS).
With this acquisition, Unnox will have a production capacity of 26,500 tonnes and annual sales of 50M€. Unnox was created by Sherpa Capital following the acquisition of the historic Galloplast in 2016, the French Vanoplast, and the subsequent integration of Navarra-based NCA in 2107.
The acquisition of HTM is part of Unnox’s strategic growth plan, focused on responding to the needs of its customers by offering a comprehensive service through a diversified and complete product portfolio.
Following this transaction, Unnox plans to continue with its growth plans, not only with further bolt-on acquisitions across Europe, but also with investments in new state-of-the-art machinery, allowing the company to continue providing the most competitive offer possible and to fully meet the needs of its customers, with a sustainable growth strategy.
Fernando Aguado, operating partner of Sherpa Capital and responsible for Unnox Group, said: “With this acquisition, Unnox Group reinforces its commitment to customer service, to the development of new markets and products, and, ultimately, to our strategic growth plan, based on sustained and sustainable growth”.
About Sherpa Capital:
Sherpa Capital is the leading private capital fund manager investing in mid-sized companies in the Iberian Peninsula that are facing transformation situations as a result of restructuring and/or growth. It currently manages more than EUR 500 million through its Special Situations and Private Equity funds.
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