Aurora Capital’s portfolio company Alltub Group, a manufacturer of collapsible aluminium tubes, has acquired Karl Höll.
Headquartered near Düsseldorf in Germany, Karl Höll is a manufacturer of collapsible aluminium and laminate tubes with annual production capacity of approximately 330 million tubes globally.
The production capacity of the combined group will be approximately two billion tubes a year with annual sales in excess of EUR150 million.
Karl Höll offers a large range of products to major pharmaceutical and cosmetic players across Europe with a specific focus on Germany. The company has two production facilities in Germany equipped with efficient aluminium and laminate tube production technology.
Alltub’s knowledge in the pharmaceutical and cosmetic segments will be further enhanced by Karl Höll’s expertise in the pharmaceuticals industry, allowing the combined entity to expand its product offering across all aluminium tube segments whilst further driving its international expansion.
Karl Höll will gain access to Alltub’s global reach and benefit from an international sales force. The combined group serves more than 650 customers globally.
Oliver Höll, fifth-generation descendant of founder Karl Höll and managing partner of Karl Höll, will become CEO of Alltub, effective 1 September 2016.
Terry A Sutter, interim CEO of Alltub, says: “This transaction marks the beginning of a new growth phase for Alltub. Adding Karl Höll’s excellence in the pharmaceutical sector and laminate space will enable Alltub to cater to all segments of aluminium tube production, thereby allowing us to extend our market share and penetration across all products and geographic regions as well as adding a modern laminate capability to Alltub’s Portfolio. We are very excited to have Oliver join as the new CEO. Given his track record, vast sector experience and managerial skills he is ideally suited to lead Alltub.”
Oliver Höll adds: “I am delighted to join forces with the Alltub Group, the worldwide leader in aluminium packaging. Alltub shares the same values and wealth of experience as Karl Höll and will be a reliable partner for our customers, business partners as well as responsible and conscientious owner for our employees. Karl Höll was founded in 1884 and after more than one century of continuous development, this step marks the next chapter of our company history on our path to develop a global footprint. Now that we have completed necessary restructuring measures, it is the right time to move forward, returning to growth and the development of a global footprint.”
Steve Smith, managing partner of Aurora Resurgence, says: “Alltub and Karl Höll are an extremely good fit. With minimal customer and market overlap, the two companies complement each other ideally. We are excited about the promising prospects this strategic transaction heralds for Alltub and Karl Höll. Both are poised to enter the next phase of their growth and benefit indefinitely.”
