LAMEPLAST acquired by TEKNI-PLEX
Context
Tekni-Plex, Inc. has acquired 100% of the share capital of Lameplast S.p.A. from the Italian private equity firm Aksia Group (Aksia Capital IV fund). This transaction represents the first exit for the Aksia Capital IV fund. Lameplast's expertise in pharmaceutical injection moulding and its strong foothold in the European ophthalmology market will be integrated into Tekni-Plex's global healthcare packaging division. Under Aksia's ownership since 2016, Lameplast had strengthened its management, enhanced R&D, and expanded its commercial presence in the US.
LAMEPLAST, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Lameplast is a leading European manufacturer of primary plastic packaging for the pharmaceutical industry. Based in Italy's "Biomedical Valley," the company specializes in the design and production of single-dose and multi-dose containers using injection and blow moulding technologies. It has a specific leadership position in the ophthalmology, OTC, and cosmetic sectors.
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REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 10M - 30M EUR
EBITDA range: 0M - 5M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: tekni-plex