Scholle Corporation completed the sale of its Vacumet Paper division to AR Metallizing N.V., a European manufacturer of metallized paper. H.I.G. Europe, the European affiliate of global private equity firm H.I.G. Capital, LLC, acquired in simultaneous transactions, AR Metallizing from Ackermans & van Haaren N.V., a Belgian investment firm, and Vacumet Paper from Scholle Corporation. The combined group will be the leading global manufacturer of metallized paper for use in premium beverage label and consumer packaged goods markets. The sale of Vacumet Paper is consistent with Scholle Corporation's strategy to focus on growing its core Performance Packaging Solutions business.
"GKB handled a complicated assignment in the sale of two businesses. GKB went above and beyond in terms of effort and diligence, and most importantly they brought a high level of expertise that allowed us to work through the many challenges faced in order to achieve the desired results. The entire team stayed fully engaged in the process until both deals closed. We simply could not have asked for more in terms of GKB's effort, professionalism, commitment, and results."
Vice President - Corporate Development of Scholle Corporation