TRESU Group To Be Acquired By Altor Fund IV
TRESU Group, a leading manufacturer of high performance flexographic in-line printing machines, is to be acquired by Altor Fund IV. The Nordic Private Equity fund acquires the company from the current majority-owner Erhvervsinvest II K/S. The sale and purchase agreement was signed on May 11, 2017.
TRESU Group is a highly specialized company as a leading supplier in the production and delivery of flexo in-line printing machines primarily in the food sector of the packaging manufacturing industry (primarily for packaging printed on cardboard - including for juice and milk) and accessories for flexo, offset and digital printing machines dedicated to a number of leading manufacturers in the graphic industry.
TRESU is also a supplier of specialized solutions for the graphic production of niche products such as lottery tickets and hygiene products. In addition, TRESU is exposed to the fast growing market for industrial digital printers with their flexo surface treatment solutions, typically purchased with the digital printer.
The company is headquartered in Bjert, Kolding, with additional production and sales facilities in the United States, and sales and service offices in Germany, Italy, China and Japan. TRESU employs around 250 dedicated employees who, with their innovative solutions, serve the company's global customers.
"TRESU's customers are among the largest and most demanding in the industry with an unwavering focus on productivity, efficiency and service. Employees are our most important resource," says COO Søren Maarssø. "We constantly focus on employee development and involvement and are always looking for highly skilled labor and talents to ensure continued development in the future. Altor has a long-term investment horizon, and their experience with industrial technology is of great value for our future expansion plans."
Maarssø continues: "With TRESU's latest breakthrough among some of the world's largest food packaging manufacturers and surface treatment in the fast-growing digital printer market, we now focus on accelerating our growth in and outside the United States."
Thomas Marstrand, managing partner at Erhvervsinvest, says, "We are pleased with the development that TRESU has undergone, and the focused and highly profitable business the company has developed into. Together with management and the employees, we have been able to apply TRESU's strong technical skills to enter new geographies and segments within the company's core business."
Thomas Kvorning, director at Altor, said, "During the last 5-7 years, TRESU has created the foundation for an internationalization of its core business in flexographic printing technology. We look forward to working closely with TRESU’s management to realize the ambitious growth plans that await ahead."
The transaction is subject to customary regulatory requirements and approvals.