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March 30th, 2020 Natixis Partners advised Nutripack-Ecocup’s shareholders for the reorganisation of its ownership structure and the acquisition of a minority stake by Ardian

Ardian realized the acquisition of a minority stake in Nutripack-Ecocup Group (c. €160m sales in 2019), a leading packaging manufacturer for the food industry, from Crédit Mutuel Equity. Following the transaction the founding family will remain a majority shareholder of the company.

Founded in 1990 in the north of France by Pierre Berthe, Nutripack is a family owned business led by Philippe Berthe, CEO and son of Pierre Berthe. Over the years, the company has successfully positioned itself as a real European leading manufacturer of rigid packaging offering both traditional packaging under Nutripack brand (for the food processing and the collective catering industries) and eco-friendly solutions under Ecocup brand (reusable cups for events and beverage industries). The group employs c.680 people in seven European countries and in Canada, and owns eight production sites.

Under the leadership of Philippe Berthe, the management team has strongly positioned the group towards a sustainable approach in the industry.  In 2017, the group launched a new activity of customized reusable cups, and became the European leader. As of today, this diversification to circular models is strongly growing and represents c. 25% of the group sales. Besides, Nutripack is also working on various alternative solutions and new materials, in order to ensure high quality, innovative and regulation compliant products. To this extent, Nutripack has developed a range of 100% biodegradable and compostable cellulose trays.

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M&A team:

anne hiebler
managing director

erwan thébault
executive director

charles andré
associate

véran bérard-quélin
analyst