Axium Packaging Sold to French Industrial Group SGT
Deal News | Jan 13, 2025 | Cerea Partners SASU
Cerea Partners, a thematic investor, has announced the sale of its majority stake in Axium Packaging, a manufacturer of plastic packaging to SGT, a French industrial group known for producing plastic preforms and caps. This divestment marks the beginning of a new phase of growth and industrial synergies for the expanded group. Axium Packaging specializes in creating bottles, pots, and caps made from virgin and recycled PET plastic, serving the food, cosmetics, and pharmaceutical sectors. Cerea Partners originally acquired a majority stake in Axium Packaging in June 2020 from its founding family, positioning the company for strategic expansions and focused investments. This transaction highlights the dynamic landscape of France's packaging industry, as well as the strategic maneuvers of private equity firms in creating and realizing value through targeted acquisitions and divestitures.
Sectors
- Private Equity
- Packaging
- Manufacturing
Geography
- France – Both Cerea Partners and SGT, as well as the transaction over Axium Packaging, are centered in France.
Industry
- Private Equity – This industry is relevant as the article discusses Cerea Partners, a private equity firm, divesting its stake in Axium Packaging.
- Packaging – Axium Packaging operates in the packaging industry, producing plastic packaging for various sectors.
- Manufacturing – SGT is described as a manufacturing group in the article, manufacturing plastic preforms and caps.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cerea Partners SASU | Selling Company (Vendor) | Company | A thematic investor who held a majority stake in Axium Packaging. |
| Axium Packaging | Target Company | Company | Manufacturer of plastic packaging for food, cosmetics, and pharmaceuticals. |
| SGT | Bidding Company (Buyer) | Company | A French industrial group specializing in the production of plastic preforms and caps. |