Trioworld, a portfolio company of Altor Equity, has acquired Palamy from its founder and CM Equity
Palamy
Established in 1964, Palamy is a French supplier of high-performance film packaging solutions, serving the food industry with a leading market position in the bakery and frozen food segments. The company offers flexographic printing and laminated polyethylene film solutions and is recognized as the national leader in the processing of bags for automatic product packaging (wicket bags). Palamy employs approximately 210 people and generates more than €80 million of revenue.
The Deal
The acquisition of Palamy strengthens Trioworld’s leading position in the European market for advanced food packaging solutions. Both companies have a long history of providing premium solutions to grade-A customers. This strategic transaction enhances Trioworld’s presence in France and will enable Trioworld to leverage Palamy’s diverse customer base and innovative product portfolio within the dynamic packaging industry.
Our Perspective
Guillaume Suizdak, Lincoln International Managing Director who led the transaction, commented, “We are thrilled to have introduced Trioworld to Palamy’s owner well ahead of the process launch, supporting Trioworld over time in establishing itself as the preferred partner for Palamy’s next growth phase. The acquisition of Palamy underscores Trioworld’s ambition in its core advanced food packaging market, setting the stage for continued success in this dynamic industry.”
Trioworld
Driven by the continuous development of innovative, sustainable and high-performance polyethylene & polypropylene film products, Trioworld is a global leader in the packaging sector, generating c. 1 billion EUR in revenue and employing 1,800 people. Headquartered in Smålandsstenar, Sweden, the Group owned since 2018 by Altor Equity, a Swedish PE house, has production and recycling sites in Sweden, Denmark, the Netherlands, France, Germany, the United Kingdom, and Canada.
Lincoln’s deep packaging industry knowledge and valuable connection with the seller positioned Trioworld as the ideal partner for the next phase of Palamy's growth. Their insight into the competitive landscape and overall support were instrumental to the transaction’s success.
Meet our Senior Team
I strive to deliver value-added advice, leveraging deep industry knowledge and extensive industry relationships.
Guillaume Suizdak
Managing Director & Co-head of Industrials, Europe
Paris
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