German holding company Mutares has divested its subsidiary Klann Packaging to investment holding company Accursia Capital.

The deal is part of the company’s portfolio realignment initiative undertaken with the view of disposing of smaller-sized subsidiaries.

It is expected the acquisition will support Klann Packaging’s geographic and product expansion.

The two sides have not disclosed any financial details of the transaction.

Mutares CIO Johannes Laumann said: “With Accursia we have found the ideal partner for KLANN Packaging, which has grown very close to our heart during the years of belonging to our portfolio.

“We are convinced that KLANN will develop excellently under the future owner through new organic and inorganic growth plans.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“For Mutares, this transaction is a great success in difficult market conditions and a further step in our portfolio consolidation.”

Headquartered in Landshut, Germany, KLANN Packaging produces printed tinplate-made packaging.

Headquartered in Munich, Mutares acquires medium-sized companies that have operational improvement potential.

It acquired the company from HUBER Packaging in 2011 and positioned the company as a high-quality tinplate packaging solutions provider.

Accursia Capital CEO Martin Scheiblegger said: “We see KLANN Packaging as a well-structured company, which is optimally positioned for further growth.

“Through a targeted long-term buy and build strategy, Accursia’s new packaging division will be significantly developed over the next few years.

“KLANN Packaging is already the fourth investment of Accursia within the last six months. This transaction is another important step in our sustainable growth strategy.”