Uh ...
Nantes, May 4th, 2022 - Following the announcement of an exclusivity agreement in January 2022, Astorg, a leading global private equity firm, is pleased to announce that it has completed its investment in ARMOR-IIMAK ("ARMOR-IIMAK" or the "Company"), an ARMOR Group's company, via its newly launched Mid-Cap fund. Hubert de Boisredon and ARMOR-IIMAK's Management team remain the majority shareholders with Astorg owning a 40% stake in the business.
Well, I hope they're happy. 'They say they're pleased, boss.' Well, I hope they're happy, Voice. 'They're pleased.'
Are they delighted?
I just hope they're happy, that's all.
Headquartered in Nantes, France, ARMOR-IIMAK, an ARMOR Group's company, is the global leader in thermal transfer ribbons, which are inked films used as consumables for the thermal transfer printing industry. Thermal transfer is the reference technology used when printing monochromic variable information (e.g., barcodes or QR codes) on labels or packaging at industrial scale, and is benefiting from increased traceability tailwinds. ARMOR-IIMAK serves over 3,000 customers in c. 100 countries and employs c. 1,600 employees across 18 facilities globally including 3 coating sites and 15 slitting sites.
Yeah, yeah.
That's not very exciting, is it?
O O O ...
Give me a voice, a human voice, out of nowhere, travelling through astral realms ... to get to me, to bring me some magic ...
'You're very poetic this morning.'
Ha!
I'm in a funny mood.
Anyway ...
Hubert de Boisredon, Chairman and CEO of ARMOR Group and Executive Chairman of ARMOR-IIMAK, says: "The recent merger with IIMAK, the partnership with Astorg and the committed investment plan are part of one single dynamic: providing a high-quality service anywhere and anytime, even in the current context of public health uncertainty and geopolitical tensions. Our ambitions for ARMOR-IIMAK come with a shareholding reorganization and a transformation of the Group, we aim to strengthen our positioning as a credible and reliable industrial partner for all leaders and key stakeholders engaged in social innovation."
Oh dear.
Can Lionel and Charles do better? 'Jesus! Together?!'
Where is the magic?
Lionel de Posson, Managing Partner of Astorg Mid-Cap, and Charles-Hubert Le Baron, Partner of Astorg Mid-Cap comment: "We are delighted to have completed the acquisition and partner with Hubert de Boisredon and Armor IIMAK's management team. The Company's truly global leadership position, differentiated technology and know-how, and industry-pioneering ESG standards, make it a great addition to our Astorg Mid-Cap portfolio. We are ready to fully support ARMOR-IIMAK in materializing its expansion and consolidation strategy, notably through bringing capital and expertise to the Company's ambitious €150m investment plan across 2022-2026."
Uh, uh ...
Like those evil girls in The Shining.
THAT IS NOT WHAT I WANTED - !!!
'But they're delighted!'
I don't care!
ENDS
ENDS
ENDS
...
Anything else?
There are some interesting pubs in Penzance ... where pirates used to drink, hundreds of years ago.
The Turks Head was established in 1233.
Imagine that! All those years. All those pirates. All those ghosts.
And we would get more sense out of a pirate's ghost - if it could speak to us now.
We would get the magic we crave.
Wouldn't we?
We don't want finance. No!
We want Peter Ustinov!
'Why do we want him?!'
Blackbeard's Ghost, that's why. It's a great film.
