Stretch-film manufacturer acquired by European plastic packaging group
A £30m turnover stretch-film manufacturer based in Telford has been snapped up by a private equity-backed Swedish group.
Eurofilms Extrusion, which is joining the Trioworld Group, supports customers in the areas of distribution, beverage, food and other industrial packaging.
Per Holtstrand, area manager of stretch film at Trioworld Group, said: “We are delighted to welcome Eurofilms to the Trioworld group. Eurofilms has shown very strong development over the last few years, contributing to the safer transport of goods on UK and European roads. The portfolio of innovative products and the excellent support of customers is impressive. The company is well invested and the management is focused on expanding the product offering for customers. With our combined forces we will continue on this successful path.”
Will Humphreys, CEO of Eurofilms, added: “We see Trioworld as a very good owner and partner in developing our business to the next level.
“Both parties are bringing a strong product portfolio to market, with unrivalled service and expertise. Together we will be able to create more value for our customers.”
Trioworld, which was founded in 1965 and now employs 1,400 people, has been in the ownership of Altor Fund IV since 2018.
La Salle Corporate provided corporate finance advice to Eurofilms while Addleshaw Goddard provided legal support.
Trioworld was advised by Walker Morris and Mannheimer Swartling.
