Slim Group takes over Aluminium foil Merseburg


The future of the insolvent Aluminiumfolie Merseburg GmbH and its employees is secured. The insolvency administrator and lawyer Stephan Poppe, partner of the nationwide operating law firm Eckert, has found an investor for Aluminiumfolie Merseburg GmbH in Merseburg with the help of FalkenSteg Corporate Finance. The Italian aluminium rolling group Slim Aluminium SpA (Slim Group), a company of the international investment group Quantum Capital Partners (Quantum) in Munich, has taken over the business operations of Aluminiumfolie Merseburg GmbH with effect from 30.4.2018.

Aluminiumfolie Merseburg GmbH had to file for insolvency in January 2018. In the subsequent sales process, for which FalkenSteg Corporate Finance was responsible, the Slim Group was ultimately able to assert itself with the best overall concept. The Italian manufacturer of rolled aluminium products has been a portfolio company of Quantum since 2015. The former subsidiary of Norsk Hydro, headquartered in Cisterna di Latina, expanded its production capacities and product range in 2017 with the acquisition of Slim Fusina Rolling Mill (formerly Arconic), located in Venice, from 92,000t to approx. 160,000t per year. By expanding its production capacities, product portfolio and technical and operational know-how, the Slim Group is now the sixth largest manufacturer of rolled aluminium products in Europe with consolidated sales of over EUR 340 million. Through the strategic acquisition of Aluminiumfolie GmbH, the Slim Group is strengthening its market position in the field of flexible packaging and technical applications.

Stephan Poppe, lawyer and partner in the law firm ECKERT and insolvency administrator in the proceedings: “The sale means that Aluminiumfolie Merseburg GmbH once again has excellent prospects. The investor has presented a convincing concept for the site and is pursuing long-term goals. I am all the more pleased for the employees of Aluminiumfolie Merseburg GmbH and the customers who have kept the company going over the past few months”.

Giovanni Fregnan, Managing Director of Slim, adds: “The integration of Aluminiumfolie Merseburg GmbH into the Slim Group increases our available production capacity to 170,000 tonnes per year. In addition to our sites in Cisterna di Latina and Fusina, we now offer our customers a production site in Central Europe with Aluminium Folie Merseburg GmbH and in particular strengthen our product range in the area of thin films from 6μ to 50μ. We are confident that we will be able to operate at full capacity again within a few months. We are looking forward to further developing the group of companies together with the local management and to further expand our outstanding market position in the European market”.

Insolvency administration
Eckert Rechtsanwälte Steuerberater Partnerschaftsgesellschaft mbB
Stephan Poppe (Insolvency administrator)

Advisors M&A
Falkensteg GmbH
Jonas Eckhardt (Partner)
Sascha Dahlke (Director)

Acquirer
Slim Merseburg GmbH, subsidiary of Slim Aluminium SpA (Slim Group)
Mark Gooseman (Managing Director)

About Slim Aluminium / Quantum Capital Partners
The Italian aluminium rolling group Slim Aluminium SpA (Slim Group) is a portfolio company of the international investment group Quantum Capital Partners (Quantum) in Munich. Quantum acquires companies with significant potential for improvement, growth and development. As an active and responsible owner, Quantum works closely with local management to ensure that the acquired company implements an optimal development and growth strategy. Since its foundation in 2008, Quantum has acquired a number of companies and business units from world leaders such as Robert Bosch GmbH, Stora Enso, Dürr, Airbus, Nestlé, Tenneco and Norsk Hydro. With a total of 19 completed acquisitions since 2014, Quantum is one of the most active investors in its industry.