Gimv sells majority stake in ALT Technologies to CCL Industries

Gimv has reached agreement to sell its majority stake in ALT Technologies (“ALT”) to CCL Industries (“CCL”). ALT is a global converting company producing die‑cut, self‑adhesive and printed components for the automotive industry and other durable goods, while CCL is the world’s largest label company. The transaction is subject to customary closing conditions.

Together with Gimv, ALT strengthened its position as a trusted supplier to the global automotive industry, with a portfolio spanning occupant‑safety components, labels and other functional parts.

CCL’s Automotive, Electronics & Durables activities (CCL Design) provide long‑life, high‑performance labeling and functional products to global manufacturers, making ALT a highly complementary addition to the group’s capabilities and footprint.

Boris Wirtz, Partner Smart Industries at Gimv, declares: “During our partnership, ALT expanded its existing production footprint in Europe and Asia with a new plant for the American market, thereby becoming a global specialist in engineered labels and occupant-safety components. Now, as ALT joins the wider CCL group, the business will benefit from new opportunities and expertise that come with being part of a larger organization.”

The completion of this transaction is subject to customary closing conditions, including regulatory approvals. Upon successful closing, we do not expect any material impact on our last reported net asset value (NAV) per share and on our liquidity. No further financial details will be disclosed.