H.I.G. Bayside Capital Supports Amerplast with Refinancing

H.I.G. Bayside Capital Europe has completed the refinancing of Amerplast Group, a leader in the sustainable flexible packaging sector in Europe. This move involves a new five-year unitranche term loan facility aimed at restructuring Amerplast's existing debt. Amerplast, backed by Chiltern Capital, operates five facilities across Europe and employs roughly 470 staff. It is recognized for high-quality products and strong customer service in the food, retail, and industrial sectors.

The refinancing is set to support Amerplast's growth strategy, which includes maintaining partnerships with blue-chip clients and investing in innovation and automation. The company's leadership, featuring experienced executives like CEO Mark Rooney and CFO Matt Enright, emphasizes the operational transformations undertaken in recent years. They expect the new financing to solidify Amerplast’s capital structure, aiding their European expansion and customer service efforts.