H.I.G. Capital (“H.I.G.“), a leading global alternative investment firm with $48 billion of equity capital under management, is pleased to announce that its affiliated Luxembourg-based portfolio company Maillis Group has sold its subsidiary Maillis Plastics Solutions (the “Company” or “MPS”) to Teufelberger, an Austrian producer of fiber and steel wire rope and strapping, and Sigma Plastics Group (“Sigma”), a U.S.-based producer of flexible packaging products.
Maillis Plastics Solutions is a leading European stretch film and strapping manufacturer with a compelling value proposition and clear commitment to product safety and sustainability. MPS was acquired by H.I.G. as part of the acquisition of Maillis Group. During H.I.G.’s ownership, MPS modernized its production set up with new, automated lines, launched new products, and worked on various sustainability initiatives. Headquartered in Karczew near Warsaw in Poland, MPS sells its products directly to leading international blue-chip customers and via a broad network of more than 350 global distributors and has more than 270 employees.
Adam Radkowski and Anastasios Pavlopoulos, COO and CSO of MPS, commented: “As part of Maillis Group, we worked closely with H.I.G. over the last few years, and successfully grew our business to become a leading player for plastic stretch and strap packaging consumables in Europe with strong profitability. H.I.G. has proven to be an experienced, reliable and strong strategic partner, which was a cornerstone for our development, and we thank H.I.G. for their support. Now we are truly excited for MPS’ future as part of Teufelberger and Sigma.”
Christian Kraul-von Renner, Managing Director at H.I.G., commented: “Working with the MPS team was a great pleasure for us. We worked closely over the last years to grow MPS’ production footprint and to further increase customer focus, and as a result, MPS is now a market leader for innovative and sustainable solutions in Europe: All products are 100% recyclable and MPS uses up to 100% recycled content in its products. MPS is very well positioned for further growth, and we wish the team success in the future.”
About Maillis Plastics Solutions
Maillis Plastics Solutions is a European solution provider for stretch and strap packaging consumables and headquartered in Karczew, Poland. MPS is a full range supplier of leading quality products that are critical components for safe product delivery including load security and pallet stability. Its products are used by a broad range of international blue-chip customers across Europe.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $48 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.