- Carve-out of a Global of a leading manufacturer of filters
- Leader in tear tape solution for global customers
- Located in Richmond Virginia serving the US market
Miami July 17, 2024. Fairmont Group, an affiliate of Profondas Capital a mid-market buyout private equity firm, announces the acquisition of Filtrona Tapes Inc a company from Filtrona Group Holdings Ltd. The transaction highlights Profondas´ growing focus in North America. Filtrona Tapes is the leading manufacturer of tear tape solutions for the Tobacco, Paper and Packaging and Food and Beverage Markets. The company, with over 30 years serves global companies with quality products that ensure optimal solutions for the intended application.
FAIRMONT´s expertise in for operational improvements and top line growth offers Filtrona Tapes the opportunity to leverage its market-leading position in Tear Tapes to enter new markets and develop new closure solutions, supporting the company in a new growth phase. With its hands on approach Fairmont will advise the management team in unlocking new opportunities and further expanding the business´ position.
“Filtrona Tapes underlines our continue growth in the North American middle market segment. We are grateful to be chosen as a trusted partner by Filtrona and its shareholder, Aurelius Private Equity. Looking ahead, we aim to build on the company’s strong positioning in its sector and to drive further growth”, commented Martin Wentzel, Managing Partner.
FAIRMONT was advised by Griffen Financial, (M&A), Caldera Law (Legal) Jackson Walker LLP (Tax), and AON (Insurance),
ABOUT FAIRMONT GROUP
Fairmont Group is an affiliate of Profondas Capital. A private equity firm focused on lower middle market investing in the North America and Europe. Profondas are specialist in complex investments with growth and operational improvement potential such as carve-outs, platform build-ups or succession solutions as well as bespoke financing solutions.
More info: www.Profondas.com
