Superfos has signed an agreement to sell its operations in the US,
Superfos Packaging Inc, to one of the world's largest players within
plastic packaging, Berry Plastics Corporation. Enterprise value
(debt-free value) amounts to approximately USD 82m and will generate
a capital gain in Superfos in the interval of USD 43-48m.
Together with IK Investment Partners, Ratos acquired the Superfos
conglomerate in 1999 in a buyout from the Danish stock exchange. In
subsequent years a number of measures were carried out to streamline
the structure and focus operations on injection-moulded plastic
packaging. Today, Superfos develops, produces and sells
injection-moulded packaging to the food, paint and chemical
industries in 18 countries.
Superfos's US operations were started in 1986 and today have 200
employees with sales in 2008 of USD 46.8m which corresponds to
approximately 10% of Superfos's total sales. More than 90% of the
company's operations are located in Europe.
"We have our biggest market in Europe and see significant future
growth opportunities. Therefore it is a logical step to sell the
American operations now in order to focus on further development of
our business in Europe," says Superfos CEO Hans Pettersson.
The deal is scheduled for completion no later than the middle of
February 2010 and is subject to certain conditions.
Ratos's holding in Superfos amounts to 33%. Co-owners are IK
Investment Partners and the management of Superfos.
For further information, please contact:
Hans Pettersson, CEO Superfos, +46 70 594 48 65
Thomas Hofvenstam, Senior Investment Manager Ratos, +46 8 700 17 81
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Year-end report 2009 18 February 2010
Annual General Meeting 2010 15 April 2010
Interim Report January - March 2010 6 May 2010
Interim Report January - June 2010 20 August 2010
Interim Report January - September 2010 4 November 2010
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos offers investors a
unique investment opportunity. Ratos's equity is approximately SEK 15
billion and has a market capitalisation of approximately SEK 28
billion. Ratos's holdings include AH Industries, Anticimex, Arcus
Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Hafa
Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC,
Medisize, Scandinavian Business Seating, Superfos and Other holdings.
