The management team of pallet pool provider, LPR, has bought out the company. The transaction is being led by Torsten Wolf, chairman of the LPR Group and is sponsored by AtriA Capital Partenaires, a French private equity teams, specializing in growing medium-sized companies.
Led by Torsten Wolf, the team controls 15 per cent of LPR Group’s equity.
Wolf said: “Our objective over the next five years is to strengthen our position in the retail and food processing markets, while continuing to improve customer service, to secure the loyalty of both existing and new customers. Indeed, we expect to achieve a turnover in excess of 120 million euros in three years’ time.”
Created in 1992, LPR was taken over in 1997 by the Algeco Group, which has supported LPR’s European development for the past 10 years.