EQT VI sells Færch Plast, a provider of customized plastic packaging solutions for the food industry, to Advent International.
EQT VI acquired Færch Plast in 2014 with the ambition to drive continued organic growth, increase profitability through product optimization and explore M&A opportunities to gain immediate scale.
Færch Plast was founded in 1969 and is headquartered in Holstebro, Denmark. The Company is a provider of customized plastic packaging trays for the food industry and manufactures more than 5 billion trays annually. Færch Plast offers a full range of rigid plastic trays within Fresh Meat, Food-to-Go and Ready Meals, and today the Company has leading positions within its target segments across Europe. Færch Plast employs more than 1,100 people with local operations in more than 15 countries. creation initiatives driven under EQT VI’s ownership, Færch Plast has approximately doubled both revenue and EBITDA since the acquisition.