Netherlands-headquartered Solidus Solutions acquired Heathpak, a UK producer of solid board packaging with about 16,000 tons annual output, from owners Alan Heath and Lyndon Whitlock. Gambit Corporate Finance advised the sellers.
AURELIUS Equity Opportunities completed the sale of its subsidiary Solidus Solutions, a European maker of solid board packaging from recycled paper, to funds advised by Centerbridge Partners at an enterprise value of about EUR 330 million on 5 September 2019.
Aurelius Equity Opportunities agreed to sell Solidus Solutions, a European producer of fibre-based packaging, to Centerbridge Partners at an enterprise value of about 330 million euros ($375.6 million), announced on 28 June 2019.
Solidus Solutions has acquired a majority interest in Northern Paper Board, a UK manufacturer of solid board boxes and corrugated octabin solutions for the food processing industry.
Aurelius Equity Opportunities completed its acquisition of Abelan Board Industrial S.L., a Southern European producer of core board and solid board packaging, effective January 31, 2018. Abelan will be combined with Aurelius portfolio company Solidus Solutions.