About the deal
Based in Wiltz, Luxembourg, No-Nail Boxes has been designing and manufacturing nail-free made-to-measure collapsible plywood industrial packaging solutions for industry since 1961. Acquired in 1996 by Michèle Detaille and Bernard Rongvaux, the company has established itself as a recognized global player for the quality of its products and expertise.
Offering a complete range of collapsible and reusable boxes for all industrial and logistical uses, the company’s service offering was further enhanced with the creation of AllPack Services (in 2001) and WaluPack Services (in 2002), both specialized in the design and production of tailored packaging solutions for special projects and oversized formats.
Covering the entire value chain, these 3 companies serve over 730 customers in France, Germany and Benelux. Their customers include packaging and logistics specialists, machine-tool manufacturers, metalworking groups and defense industries such as Safran, Alstom and Airbus. The group generated approximately €25m of sales in 2023, achieving double-digit annual organic growth since 2016, thanks to the commitment of its 125 employees.
Investec has been appointed to run a swift sale of the group. Following this process, the family office Evolem was retained for its ability to offer a compelling development project for the 3 entities, their managers, and their employees. Under this new ownership, the group aims to become the European leader in the reusable plywood and wood industrial packaging market.
For Michèle Detaille, President of the Alipa Group, who is reinvesting in the new project: “I am convinced that Evolem’s entrepreneurial vision and experience in strategic support will enable us to accelerate the division’s development and diversify its activities.”
Alexis Alfonsi, Evolem Investment Director: “We are delighted to be writing this new chapter for the group alongside William and Boris. Thanks to the operational excellence and quality of service of this specialist in reusable industrial packaging, we are convinced that we can offer appropriate and sustainable solutions to the challenges of a growing market. We were immediately won over by these assets, which will enable us to build a European leader by pursuing an ambitious external growth strategy, particularly in France. ”We look forward to working with the Evolem teams, with whom we share many values of respect, benevolence and strong CSR commitments, to develop together this virtuous project for people and the environment,” says William Mathot, CEO and Boris Remy, Managing Director of the No-Nail Group.
What we did
Investec assisted the shareholders and the management all along the disposal process: structure the deal, properly prepare and anticipate carve-out issues, oversee the execution of Vendor Due Diligence works, pre-sound financial investors and strategic buyers, prepare the marketing documentation, implement a competitive and swift bidding process, manage the due diligence process, and provide an active execution support in negotiating with the prospective buyers.
