Fortaleza Capital acted as exclusive corporate finance adviser on the acquisition of Algemene Verpakkings Industrie (AVI Volendam) by ACE Partners.
About AVI Volendam: AVI Volendam, founded in 1960, produces and supplies semi-finished flexible packaging products including plastic film for wrapping and packaging machines and end packaging. The company delivers custom-made products ‒ printed and non-printed ‒ according to customer requirements in terms of packaging size, colour, composition and product characteristics. With its flexible production facilities and 40 employees, AVI Volendam produces in four distinct product groups: Tubes, Films, Sheets and Bags. Most products are made from polyethylene (PE), however, production from biodegradable PE is also offered. Product applications include: food (bread, fish, meat, fruit, vegetables), industrial applications, agricultural/horticultural applications, rubble bags, waste bags and chair, furniture and clothing covers. Customers are located in The Netherlands, Belgium and Germany.
About ACE Partners: ACE Partners is a hands-on investor that offers operational solutions to medium-sized companies that are active in industry, trade, technical service provision or transportation and logistics.