M&A Deal Summary

Nimbus Acquires Lonstroff

On February 1, 2024, private equity firm Nimbus acquired packaging company Lonstroff from Sumitomo Rubber Industries

Acquisition Highlights
  • This is Nimbus’ 1st transaction in the Packaging sector.
  • This is Nimbus’ 1st transaction in Switzerland.

M&A Deal Summary

Date 2024-02-01
Target Lonstroff
Sector Packaging
Buyer(s) Nimbus
Sellers(s) Sumitomo Rubber Industries
Deal Type Divestiture

Target

Lonstroff

Hallwil, Switzerland
Lonstroff is a manufacturer/seller of medical packaging materials and medical rubber parts, primarily selling to major European pharmaceutical companies. Lonstroff was founded in 1908 and is based in Hallwil, Switzerland.

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Buyer(S) 1

DESCRIPTION

Nimbus is a private equity firm focused on investing in medium-sized European businesses with strong market positions. The Firm seeks companies with annual turnover between €20 and €500 million in the industrial, manufacturing, business services, and technical trade sectors. Nimbus was established in 1999 and is based in Zeist, the Netherlands.


DEAL STATS #
Overall 34 of 38
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 3 of 4
Country: Switzerland M&A 1 of 1
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-14 Sencio

Nijmegen, Netherlands

Sencio is a provider of designs and assembles packaging solutions for micro-electrical-mechanical systems and integrated sensor systems. The final product is usually destined for a long life of trouble-free service in the engine compartment of cars. Sencio was founded in 1984 and is based in Nijmegen, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Customade Group Services

Gloucestershire, United Kingdom

Customade Group Services is a provider of spans PVCu and aluminium windows and doors, composite doors, aluminium glazed roofs, sealed glass units, specialist glazing and nationwide trade counters. Customade Group Services was founded in 1980 and is based in Gloucestershire, United Kingdom.

Sell -

Seller(S) 1

SELLER

Sumitomo Rubber Industries

Kobe, Japan

Category Company
Founded 1909
Sector Automotive
Employees37,995
Revenue 1.21T JPY (2024)
DESCRIPTION

Sumitomo Rubber Industries is a modern rubber factory that engages in the production of bicycle tires and tubes and solid rickshaw tires. The company operates through three segments: Tires, Sports, and Industrial and Other Products. Sumitomo Rubber Industries was founded in 1909 and is based in Kobe, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Micheldever Group

Hampshire, United Kingdom

Micheldever Group is the largest independent wholesaler, distributor and retailer of tyres in the UK. Selling six million tyres nationwide. Micheldever Group has two main business units, RETAIL: The Protyre retail chain, currently with 99 outlets including Protyre Motorsport, continues to gain geographic coverage in the UK. WHOLESALE & DISTRIBUTION: Micheldever Tyre Services (MTS) has established a wholesale distribution network of 15 sites around the UK supplying over 6,000 retailers nationwide. This activity has resulted in significant profitable growth for the company.

Buy £215M