March 14th, 2022
Trioworld Group has signed an agreement to acquire the British company Eurofilms Extrusion LTD (Eurofilms), a leading player in solutions for high performance stretch film for load security. Eurofilms supports customers in the areas of distribution, beverage, food and other industrial packaging. Seller is a group of private owners consisting of Will Humphreys, Gillian Humphreys, David Thomas and Martin Palmer.
“We are very pleased to welcome Eurofilms into the Trioworld group. Eurofilms has shown very strong development over the past years contributing to safer transportation of goods on UK and European roads. Their portfolio of innovative products and superior support to their customers is impressive. The company is well-invested and management is focused on broadening the product offering to customers. “With our joint forces, we will continue this successful journey,” says Per Holtstrand, Divisional President of Stretch Film Division, in the Trioworld Group.
“We see Trioworld as a very good owner and partner in developing our business to the next level.” says Will Humphreys, CEO at Eurofilms. “Both parties bring strong product portfolios to the market, with unrivalled service and competence. Together we will be able to create more value for our customers,” continues Mr. Humphreys.
CEO for Trioworld Group, Andreas Malmberg comments: “I’m very happy that our two companies can now join forces in developing the best circular offering in the market for recycled plastics. The Eurofilms superior commitment to service and support in the UK and West European markets gives a fantastic platform for enhanced growth.
The transaction is not subject to customary regulatory requirements and approvals. The Trioworld Group will, after the transaction is completed, own 100% of the shares.
UK based company Eurofilms started production of plastic films in 1995 and is a leading producer and supplier of premium load security solutions based on stretch film to customers within food, beverage and industrial packaging. The company has a strong market position in UK, and parts of Western Europe. Turnover of Eurofilms is 30 MEUR with a total of 100 employees. Head office and production is located in Telford, UK.
About the Trioworld Group
Trioworld was founded in 1965 and since 2018 in the ownership of Altor Fund IV. Altor is one of the leading Nordic Private Equity firms, focused on building world class companies. Driven by continuous development of innovative and sustainable plastic film products, Trioworld is one of the leaders in the segment, with a turnover of 750 million EUR and approximately 1.400 employees. The group´s head office is in Smålandsstenar, Sweden. Production is in Sweden, Denmark, the Netherlands and France and the products are sold on the global market.
For more information, please contact:
Andreas Malmberg, CEO of Trioworld Group, +46 70 2087291
Per Holtstrand, Division President Stretch Film, +46 70 3272512
Will Humphreys, CEO of Eurofilms, +44 7966 238865