An affiliate of US private equity group Peak Rock Capital (Austin, Texas; www.peakrockcapital.com) has completed its takeover of Italian film and packaging manufacturer AMB (San Daniele del Friuli; www.ambpackaging.com). Financial terms of the takeover have not been revealed.

Alex Dabbous, MD of Peak Rock Capital Europe, said the acquisition represents “an opportunity for us to invest in a provider of recyclable products within the stable and growing European market for rigid food-packaging materials”. AMB specialises in food-grade recycled plastic and operates across a number of European markets, including Germany and the UK.

Peak Rock Capital’s CEO Anthony DiSimone said, “Given our expertise in the packaging segment, we will continue to seek additional platform investments in the industry across Europe and North America, as well as add-on acquisitions that we believe could benefit from our ability to drive growth and improve performance.”

AMB has made two acquisitions in the past few years, notably taking over German packaging supplier PTS Verpackungen (Gauting; www.pts-verpackungen.de) in 2020 (see Plasteurope.com of 20.07.2020), and UK PET and laminated rigid films producer TDX (Gateshead; www.tdx-tss.com) in 2019 (see Plasteurope.com of 01.07.2019).