Ima, an Italian packaging company, has acquired from Lin Vermögensverwaltung GmbH, a company controlled by the private equity fund Odewald & Compagnie, 80% of the capital of Benhil, Erca, Hassia, Hamba and Gasti (Oystar Group). These are companies active in the packaging sector of products intended for the food industry and, in particular, in the "dairy" sector, with production plants in Germany, France, Spain and India.
The operation cost IMA 69,3 million euros, which includes a positive financial position of 2 million euros. A subsequent adjustment to this price is envisaged on the basis of the balance sheet as at 28 February 2015. Ima and Lin also signed a put and call option contract for the remaining 20%, to be exercised in 2017 and 2018.
The newly acquired Group, which will merge into the new holding IMA Dairy&Food Holding GmbH (80% held by IMA and 20% by Lin), expects consolidated revenues of around 2015 million euros in 185 and an Ebitda of around 15 million, with about 850 employees, a dynamic order book and a significant presence on the market.
