H.I.G. Europe has completed the sale of its portfolio company AR Metallizing (“ARM”) to Japan’s Nissha Printing Co., Ltd, as the company said in the press release received by Lesprom Network.
ARM is the global market leader in the manufacturing of metallized paper for use in the food, beverage and consumer packaging goods industries. ARM serves its customer base from three manufacturing facilities in Belgium, Italy and the USA.
H.I.G. acquired ARM in September 2012 and shortly thereafter the assets of Vacumet Paper (the US market leader) were acquired to create the global market leading manufacturer of metallized paper. Since acquisition, H.I.G. and the founding ARM shareholders have assisted with the integration of the acquired assets, invested heavily to expand operations in South America and furthered new product development with the successful launch of metallized products for the consumer packaged goods markets.
H.I.G. is a leading global private equity and alternative assets investment firm.