Suma Capital has divested from Alucan, a leading manufacturer of aluminum monobloc bottles and aerosols, following the sale of 100% of the company to Ball Corporation, a listed US organization and a global benchmark in the manufacture of aluminum containers.

Since 2016, Suma Capital has accompanied Alucan in its expansion, providing, among others, financing through the Suma Capital Growth Fund I (SCGF I). During these years, the company has doubled its industrial capacity and built a new plant of 8,000 square meters in the city of Lummen (Belgium) that complements the almost 9,000 square meters of its headquarters located in Llinars del Vallés.

Alucan’s constant commitment to innovation has enabled it to expand its product range and consolidate its European leadership in the manufacture of wide-diameter aluminum containers for a wide variety of industries, including food, beverages, pharmaceuticals and cosmetics. It has also positioned itself as a benchmark in the field of sustainability, promoting the use of recycled aluminum and implementing improvements in production processes, packaging and transportation, which has enabled it to reduce the volume of CO2 emissions by 11,100 tons, a saving equivalent to the annual emissions of approximately 6,900 vehicles.

Alucan has maintained an average annual growth rate of 12% over the last four years to reach €59.5 million in 2023, driven by its positioning, the quality of its products and the growing demand for aluminum containers as an alternative to plastic and glass.

Sustainability is a fundamental pillar in Suma Capital’s investments, as reflected in the recognition awarded to the firm in 2020 by the Spanish Private Equity Association (ASCRI) -now Spaincap- for the Best ESG Initiative for its investment in Alucan.

In this transaction, Suma Capital and Alucan’s shareholders have been advised by EY (M&A) and the law firms Osborne & Clarke, Dentons and RCD in the legal area.