Axiom Partners continues its European expansion in the sustainability market with Airopack investment

PIPM and Swiss-based -Axiom Partners enter the sustainability market with investment in the relaunching of the eco-friendly Airopack, the once darling of the sustainability market.

 

Further information reveals a joint venture between PIPM and investment company Axiom Partners immediately relaunches Airopack after a speedy turnaround. Due to this turnaround, 30 out of 45 employees can remain in their positions within the company. In addition, Platinum Invest came to agreements with suppliers and property owners. Therefore, the takeover of the high-tech factory for eco environmental-friendly dispensing systems suits the newly formed venture ’buy & build strategy.

 

Airopack produces some of the world’s most eco-friendly aerosols, entirely made from recyclable synthetics. They replace conventional aerosols that hold toxic gasses and use normal air instead. P.I. sees significant potential in the proven worldwide patented technology behind the product. 

 

"As a team, we are very pleased with the thoroughness and support of P.I., so that we can continue with the production and further marketing and development of the unique Airopack packaging", Airopack CEO Ronald Jonkhoff commented. "I’m delighted that we could pull through with a relaunch at the very last moment. The relaunch is great news for many of our employees."

 

Airopack is PIPM and Axiom’s first joint investment in the manufacturing sector. This acquisition is closely related to the business’ joint buy-and-build and restructuring focus. 

 

Guus Franke, Founding Partner of Axiom Partners, revealed, "With Airopack, we are establishing a foothold in the manufacturing sector, focusing primarily on sustainable products," and further stating, "Due to a combination of historical factors, the organization was no longer financially sound. However, until recently, the factory has delivered consistently high product quality with the highest international standards enabling a relaunch under the aegis of PIPM and Axiom. Moreover, it is an ultra-modern factory with advanced machining capabilities delivered by a professional organization. Therefore, we are happy to welcome Airopack to our portfolio and offer them the opportunity to work under our wings towards a financially healthy company."

 

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About Axiom 

 

Axiom, originally Swiss, is a fast-growing investment company. With recent acquisitions such as De Staffing Groep (DSG) and Cannock Chase, the company now has more than one billion euros in turnover.