Amerplast Group has closed a new financing agreement with HIG Bayside Capital Europe, the capital solutions subsidiary of HIG Capital.
The agreement involves a five-year unit loan, intended to refinance the group’s current debt commitments.
Amerplast manufactures flexible packaging for sectors such as food and beverage, hygiene, bakery, retail and industry.
With operational bases in Finland and the United Kingdom, the company operates five factories across Europe and has around 470 employees.
The refinancing is intended to support Amerplast’s business operations and investments.
The company said its strategy focuses on maintaining customer partnerships, sustainability initiatives and the development of automation and production capacity.
Amerplast’s leadership includes chairman David Lennon, chief executive Mark Rooney and chief financial officer Matt Enright.
Enright said: “Amerplast has undergone a significant operational transformation in recent years, investing heavily in facilities, technology, sustainability and product innovation. We are delighted to be partnering with Bayside for this exciting next phase of growth.
“This new financial partnership provides a stable and flexible capital structure that allows us to continue delivering for our clients, expand our capabilities and execute our long-term strategic growth plan across Europe.”
Bayside Capital specializes in special situations and targets middle market companies.
The company invests in various segments of both primary and secondary debt capital markets, prioritizing long-term profitability. Bayside operates from eight locations in the US and Europe and has a team of more than 500 investment professionals.
Bayside CEO Mathilde Malezieux said: “Amerplast is a high-quality, innovative and resilient company with strong market positions in attractive end markets and a clear value proposition based on sustainability. The company has demonstrated consistent EBITDA growth, supported by a disciplined business model and a highly committed management team.
“Our capital solution refinances the existing debt structure and positions Amerplast for its next phase of expansion.”
“Amerplast Secures Debt Refinancing of HIG Bayside Capital Europe” was created and originally published by Packaging Gateway, a brand owned by GlobalData.
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