H.I.G. Europe Completes Sale of AR Metallizing to Nissha Printing
H.I.G. Europe ("H.I.G."), the European arm of global private equity firm H.I.G. Capital, announced today that it has completed the sale of its portfolio company AR Metallizing ("ARM") to Nissha Printing Co., Ltd ("Nissha").
ARM is the global market leader in the manufacturing of metallized paper for use in the food, beverage and consumer packaging goods industries. ARM serves its customer base from three manufacturing facilities in Belgium, Italy and the USA.
H.I.G. acquired ARM in September 2012 and shortly thereafter the assets of Vacumet Paper (the US market leader) were acquired to create the global market leading manufacturer of metallized paper. Since acquisition, H.I.G. and the founding ARM shareholders have assisted with the integration of the acquired assets, invested heavily to expand operations in South America and furthered new product development with the successful launch of metallized products for the consumer packaged goods markets.
Mark Kelly, Managing Director of H.I.G. Capital, said: "We are very proud of what we have accomplished together with the ARM founders and management team; we have built a global leader that today serves over 300 customers in more than 80 countries. Nissha is the right strategic partner for ARM and will enable it to fully capitalise on substantial global growth opportunities. We look forward to watching ARM thrive under its new ownership."
Bart Devos, CEO of ARM, said: "H.I.G. has been an outstanding and committed partner to ARM. H.I.G.'s ownership has enabled us to invest in world class operations, market leading R&D and new products that serve a customer base across the U.S., Europe, Africa, Asia and South America while providing invaluable operational and strategic guidance. Under H.I.G.'s ownership we have solidified ARM's position as the global market leader."
Contact:
Mark Kelly
Managing Director
mkelly@higcapital.com
Neil McIlroy
Director
nmcIlroy@higcapital.com
H.I.G. Europe
25 St. George Street
London W1S 1FS United Kingdom
P. +44 (0) 20 7318 5700
F. +44 (0) 20 7318 5749
www.higeurope.com
