German fancy canmaker Klann sold to Accursia Capital

German fancy can manufacturer Klann Packaging has been acquired by private equity firm Accursia Capital for an undisclosed sum.

The sale was part of a realignment of the portfolio of Klann’s owner, Mutares SE & Co.

Klann Packaging, acquired from Huber Packaging in 2011, is a leading manufacturer of high-quality decorated cans for promotional and sales purposes based at Landshut in Bavaria.

Munich-based Accursia Capital invests in mid-cap industrial companies that it believes have significant operational improvement potential. It focuses on succession planning, restructuring and turnaround cases as well as complex ‘carve-out’ projects.

“With Accursia we have found the ideal partner for Klann Packaging, which has grown very close to our heart during the years of belonging to our portfolio,” said Johannes Laumann, chief information officer for Mutares.

“We are convinced that Klann will develop excellently under the future owner through new organic and inorganic growth plans. For Mutares, this transaction is a great success in difficult market conditions and a further step in our portfolio consolidation.”

Martin Scheiblegger, chief executive of Accursia Capital, added: “We see Klann Packaging as a well-structured company, which is optimally positioned for further growth. Through a targeted long-term buy and build strategy, Accursia’s new packaging division will be significantly developed over the next few years.

“Klann Packaging is already the fourth investment of Accursia within the last six months. This transaction is another important step in our sustainable growth strategy.”

Klann prides itself on sourcing all the tinplate it uses domestically from ThyssenKrupp Rasselstein’s mill at Andernach.