Squire Patton Boggs Advises the Shareholders of Palamy and BRJ on Acquisition by Swedish Trioworld Group

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Squire Patton Boggs has advised the shareholders of Palamy and BRJ, companies forming a group that has grown to become France's leading manufacturer and converter of bags and films for automatic bagging for the food, medical and industrial sectors, on their acquisition by Sweden-based packaging manufacturer Trioworld. The transaction is subject to approval by regulatory authorities.

Squire Patton Boggs represented all shareholders of the group, namely, Mr. Patrick Proux majority shareholder and president of the group alongside Crédit-Mutuel Equity and the top management team. The team advising the sellers was led by Paris Corporate partner Maxime Dequesne assisted by associate Kevin Cosmao on corporate aspects. Pauline Pierce led labour law aspects and Erling Estellon is advising on regulatory matters (antitrust and FDI).

Based in Le May-sur-Èvre, France, Palamy manufactures, prints and converts polyethylene films for industrial packaging. Based in the Corrèze department, France, BRJ specializes in flexographic printing, cutting and laminating plastic films. Recognized players in the European market for plastic packaging, Palamy and BRJ generated sales of over €75m in 2023 and employ more than 200 people.

Trioworld is a leading producer of packaging solutions based on polyethylene and polypropylene film, founded in 1965 in Smålandsstenar, Sweden. Since 2018 it has been owned by Altor Fund IV. Trioworld has production and recycling sites in Sweden, Denmark, France, the Netherlands, the UK, and Canada.

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