Asteria Expands in Spain with Acquisition of Ezquerro
Belgian packaging and labelling group Asteria has acquired Ezquerro, a Spanish producer of printed and self-adhesive labels, as part of its European expansion strategy. The purchase price remains undisclosed, reports 24brussels.
The acquisition enhances Asteria’s presence in Spain, adding a third facility to its existing plants located in Valencia and Galicia. Chief Executive Yves Declerck stated, “We are now close to achieving a leadership position in Spain.” This transaction marks one of the largest among Asteria’s recent acquisitions.
Asteria employs over 2,300 individuals across 40 factories from Finland to Ireland, supplying more than 20 billion labels annually to small and medium-sized enterprises. Originally founded as Accent in 1985, the company has undergone significant transformation under Declerck’s management, supported by the Dutch private equity firm Waterland, which specializes in buy-and-build strategies.
Continuation of Buy-and-Build Strategy
The group continues to solidify its foothold in established markets. Just last week, Asteria completed the acquisition of Pro Print Group, a UK specialist in self-adhesive labels and carton packaging, marking its fourth transaction in the UK. This latest deal is projected to add approximately £22.4 million (€26 million) to its annual turnover.