Amcor enters talks to sell €300m waste arm

The unit generates approximately €300 million (£260 million) in annual revenues, manufacturing plastic and steel waste containers and providing associated waste management services for local authorities and private waste firms in countries including the UK, Germany, Hungary, France and Italy.

ESE World operates globally, with manufacturing facilities in Neuruppin and Olpe in Germany, and Crissey in France.

The company’s UK operations are based in Coalville, Ceicestershire.

Chris Sznewajs, Founder and Managing Partner of Pacific Avenue, commented: “This transaction marks an exciting next phase of growth for ESE. The business is a strong fit within our portfolio of industry-leading companies.

“With a strong brand, industry leading innovation, and a defensible market position, we look forward to providing the resources and expertise needed to drive long-term value creation.”

Next phase of growth for ESE

Under Pacific Avenue’s ownership, the company expects ESE to focus on meeting customer demand while pursuing a series of growth initiatives including operational improvements, geographic expansion and potential strategic add-on acquisitions.

The private equity firm said it intends to work closely with ESE’s existing management team to accelerate the company’s next phase of development.

Xavier Lambert, Managing Director – Head of Europe at Pacific Avenue Capital Partners, added: “ESE is a high-quality business with a proven track record of product innovation and a strong, loyal customer base.

“Pacific 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 significant opportunity to support ESE’s next phase of growth and long‑term value creation.”

The proposed transaction remains subject to the completion of a works council consultation process, after which a sale and purchase agreement can be signed.

Completion is targeted for the second quarter of 2026, pending regulatory approvals and customary closing conditions.

Pacific Avenue was advised on the deal by Willkie Farr & Gallagher LLP, Accuracy and PwC. Amcor received advice from Greenhill, a Mizuho affiliate and Latham & Watkins.