{"id":13132,"date":"2026-05-05T08:02:10","date_gmt":"2026-05-05T12:02:10","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=13132"},"modified":"2026-05-05T08:02:10","modified_gmt":"2026-05-05T12:02:10","slug":"amcor-in-talks-to-offload-waste-management-unit","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=13132","title":{"rendered":"Amcor in talks to offload waste management unit"},"content":{"rendered":"


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The business records \u20ac300m in annual revenue. Credit: aapsky \/ Shutterstock.com.<\/figcaption><\/figure>\n<\/p><\/div>\n

Packaging giant Amcor has initiated exclusive negotiations to offload its waste management unit, ESE World, to an affiliate of private equity entity Pacific Avenue Capital Partners.<\/p>\n

ESE makes plastic and steel waste containers in Europe, as well as provides related waste management services.<\/p>\n

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The business records \u20ac300m ($350m) in annual revenue and supplies customers internationally from three plants in Neuruppin and Olpe in Germany, and Crissey in France.<\/p>\n

If completed, the deal would see Pacific Avenue working with ESE\u2019s current management on plans centred on operational changes, expansion into additional markets and selective follow-on acquisitions.<\/p>\n

For Pacific Avenue, the proposed transaction would be its third deal in Europe, as well as its first investment on the continent through Fund II and its dedicated European sidecar.<\/p>\n

Pacific Avenue Capital Partners managing director and Europe head Xavier Lambert said: \u201cESE is a high-quality business with a proven track record of product innovation and a strong, loyal customer base.<\/p>\n

\u201cPacific Avenue is excited to partner with the ESE management team and reinvest in the business, both organically and through strategic add-on acquisitions. Building on a strong operational foundation, we see a significant opportunity to support ESE\u2019s next phase of growth and long\u2011term value creation.\u201d<\/p>\n

The process still depends on the completion of the works council consultation. Once that is finished, the sale and purchase agreement may be signed.<\/p>\n

The companies are aiming to complete the transaction in the second quarter of 2026, pending regulatory clearances and other standard closing requirements.<\/p>\n

Pacific Avenue received advice from Willkie Farr & Gallagher, Accuracy and PwC.<\/p>\n

Amcor was advised by Greenhill, a Mizuho affiliate, and Latham & Watkins.<\/p>\n

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