LOS ANGELES, Dec 13, 2011 /PRNewswire/ – Aurora Capital Group (“Aurora”), a Los Angeles-based private equity firm with over $2.0 billion of assets under management, today announced that it has successfully completed the acquisition of the Alltub Group (“Alltub” or the “Company”). Financial terms of the deal were not released. Headquartered near Paris, France, Alltub is the global leader in collapsible aluminum tubing with annual production capacity in excess of 1.5 billion tubes.
Alltub serves a multinational customer base in highly attractive end markets such as cosmetics, pharmaceuticals and food, whose stable demand characteristics are not tied to macroeconomic events. Operating from four facilities in Europe and one in North America, the Company has long-standing relationships with a client portfolio including global blue-chip companies and major local players. With an over 50 year operating history, Alltub is highly regarded in the marketplace for its outstanding customer service, exceptional product quality and a proven capability to propose innovative design solutions.
Gerald L. Parsky, Chairman of Aurora Capital Group, said, “Alltub is a great addition to the Aurora Capital Group portfolio of companies. We have a long track record of creating value by partnering with management of middle market companies to help them improve performance and maximize opportunities, and we look forward to doing so with Alltub’s management and employees.”
Anthony DiSimone, Managing Partner of Aurora Resurgence, commented, “We believe this is an opportune time to add Alltub to the Aurora Resurgence portfolio. In addition to its world class manufacturing facilities and leading design capabilities, Alltub has outstanding relationships with both its multinational and local customers, all of which serve stable end-markets not influenced by macroeconomic fluctuations. We intend to work with Alltub’s excellent management team to grow the business both organically and through strategic acquisitions.”
Thierry Bitout, CEO of Alltub, commented, “We believe joining Aurora Capital Group is a unique opportunity for Alltub and look forward to growing our business in partnership with our customers, suppliers and employees. We will continue to seek opportunities that strengthen our leadership position in the collapsible aluminum tubing market and pursue growth in both Europe and internationally.”
Helen Lee Bouygues of Lee Bouygues Partners acted as an advisor to Alltub and Thibaud Caulier of Ponsardin SAS helped advise Aurora on the transaction.
About Alltub Group
Alltub, headquartered near Paris, France, is the global leader in collapsible aluminum tubing with annual production capacity in excess of 1.5 billion tubes. Serving a multinational customer base in the cosmetics, pharmaceuticals and food end markets, the Company operates from five facilities in the Czech Republic, Italy, France and Mexico.