HIG Europe has completed the simultaneous acquisitions of Belgium-based ARMetallizing (ARM) from Ackermans & van Haaren and the US-based Vacumet Paper from Scholle.
Both the companies manufacture metallized paper.
The combined group will supply metallized paper for use in the beverage and consumer packaged goods markets and its paper is currently used as the base paper in premium beer labels, spirit labels, food packaging, consumer product packaging and gift wrap.
With revenues more than €120m, the group will supply clients globally from three manufacturing facilities in Belgium, Italy and the US.
According to HIG Europe, the European arm of global private equity firm HIG Capital, the transaction represents the company 21st new European investment since the beginning of 2011.
The current portfolio of HIG Capital includes more than 80 companies with combined revenues in excess of £8bn.