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Abidjan, Côte d’Ivoire, November 10, 2022

ALTIUS Holding, a French SAS owned by Mr. Abbas BADREDDINE, owner of Plastica Group, has completed the acquisition of 100% of the shares of Financière Guérin, owner of the companies Guérin Plastiques, SAPB and Plastigolène from the GUÉRIN family, located in Haute-Loire and Ardèche in France.

With a consolidated turnover of more than 60 million euros, GUÉRIN Group, created in 1973, is a historic player in the French plastics industry, specialising in the manufacture of flexible plastics packaging, particularly polyethylene (industrial sheathing, agricultural film, film for the construction industry, bags, etc).

Owned by the Ivorian entrepreneur Mr. Abbas BADREDDINE, Plastica Group is active in West Africa and France in the plastics industry and logistics. As part of its strategy, the Group has undertaken several external growth operations in recent years to expand its geographical footprint and strengthen its technological know-how. Plastica Group has thus acquired the means to accelerate its development on the French market and, beyond, on the European market in the plastics sector, becoming the leader in francophone West Africa.

Abbas BADREDDINE, President, PLASTICA GROUP “I am delighted with this new acquisition and happy to see Guérin Group join Plastica. This is a new step that will allow us to strengthen our offer and our expertise. We are delighted to welcome the entire team of talented experts from Guérin Group at a time when the recruitment of talent is key.”

André GUÉRIN, GUÉRIN GROUP “For fifty years, Guérin Group has been a player synonymous with quality, reliability and customer satisfaction in flexible packaging for professionals. After years of sustained growth, the GUÉRIN family has selected a buyer, also a family one, who will promote the durability and independence of the Group.”

Joel CADIER, Founder, KeysFinance Partners ” We are pleased to continue to support Mr. Abbas BADREDDINE in his external growth strategy. This new operation in France, completed less than three years after the previous one, shows Mr. Abbas BADREDDINE’s willingness to build a significant South-North group in the plastics industry.”

This transaction was financed with equity by Plastica Group and debt with the support of Banque Publique d’Investissement (BPI), Société Générale, Caisse d’Epargne and Banque Palatine.

KeysFinance Partners acted as exclusive financial advisor for the acquisition and financing. On the legal side, the Group was assisted by Daniel EMIR, from the Parisian law firm Bruguiere & Emir.