Trioworld Group acquires Eurofilms Extrusion LTD
Trioworld Group has signed an agreement to acquire the British company Eurofilms Extrusion LTD, a company that specialises in solutions for stretch film for load security.
Eurofilms supports customers in the areas of distribution, beverage, food and industrial packaging. The company started production of plastic films in 1995 and is a producer and supplier of load security solutions to customers within food, beverage and industrial packaging. The company has a market position in the UK and parts of Western Europe. The company’s head office and production are located in Telford, UK.
Per Holtstrand, Divisional President of Stretch Film Division, in the Trioworld Group, said: “We are very pleased to welcome Eurofilms into the Trioworld group. Eurofilms has shown very strong development over the past years contributing to safer transportation of goods on UK and European roads.”
Will Humphreys, CEO at Eurofilms, said: “We see Trioworld as a very good owner and partner in developing our business to the next level. Both parties bring strong product portfolios to the market. Together we will be able to create more value for our customers,” continues Mr. Humphreys.
Trioworld was founded in 1965 and since 2018 owns Altor Fund IV, a Nordic Private Equity firm. With a head office in Smålandsstenar, Sweden, the company is driven by the continuous development of innovative and sustainable plastic film products. Trioworld’s product production is in Sweden, Denmark, the Netherlands and France and the products are sold on the global market.