King & Wood Mallesons (KWM) advised the German investment firm Aurelius Group on the acquisition of Abelan Board Industrial S.L from PHI Industrial. The deal represents Aurelius third acquisition in the European packaging sector since 2015 and will further strengthen the Group’s operations in this market.
German Cabrera, partner at KWM in Madrid, has led the advice to Aurelius Group. The legal team is completed with partner Joaquín Sales and associates María Redondo and Gonzalo Fernández.
Abelan Group is a Spanish packaging company that has grown to be one of Europe’s leading providers of core board and solid board packaging solutions. Abelan has two key areas of expertise: the production of core board, for cardboard tubes, boxes and other applications within packaging, and its solid board packaging division, which supplies a large variety of boxes and trays to major distribution brands in the European agricultural, meat, flower and various other industries.
King & Wood Mallesons has also advised Aurelius in other deals as the acquisition of the commercial activities of Abelan Group in Germany and the Netherlands and the sale of the Spanish textile group Tavex Europe to a consortium of Spanish investors.