20 May 2025 – STOK, a portfolio company of A&M Capital Europe (“AMCE”), a London-based private equity firm with €650 million of commitments under management, has acquired Scan Lux Flexible (“SLF”), a packaging distributor in Denmark. The acquisition of SLF represents STOK’s second add-on since AMCE’s investment in STOK, less than a year after closing in April 2024.
SLF is a Danish value-added distributor specialising in polyethylene packaging for the waste management, food, and agriculture sectors. We believe the acquisition offers a compelling cost synergy opportunity for STOK. SLF’s ESG-aligned waste management packaging solutions will be carved out as a new business unit, while the remaining operations will be integrated into STOK’s core business. Full functional integration is anticipated, including consolidating SLF’s inventory and logistics into STOK’s warehouse network and operational platform. Additionally, the transaction is expected to unlock cross-selling opportunities and procurement synergies across STOK’s broader portfolio.
STOK and AMCE were advised by Schjødt as legal adviser, EY as tax adviser, A&M Consulting as accounting adviser, Deloitte as IT adviser, Prueba as cybersecurity adviser and Aon as insurance adviser.
About STOK
Founded in 1978 and headquartered in Langeskov, Denmark, STOK is a leading one-stop-shop distributor of protective packaging, offering a comprehensive range of packaging solutions, on-site machinery services, warehousing solutions, and advisory services. With a leading position in Denmark and a rapidly expanding international presence, STOK caters to a diverse customer base across the food & beverage, consumer lifestyle, industrial, and healthcare sectors. STOK has historically experienced strong organic and acquisitive growth, completing 13 acquisitions over the last 27 years, four of which were in the previous three years.
About A&M Capital Europe (AMCE)
AMCE is a London-headquartered private equity investment firm specialising in building pan-European platform companies through buy-and-build and organic growth initiatives. AMCE Fund I currently has €650 million in commitments, and SLF represents AMCE’s thirty-first transaction across its eight portfolio companies. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm that manages commitments totalling ~€6 billion across all its investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal Holdings, LLC, a leading global operationally-focused advisory firm. For additional information, please visit A&M Capital Europe’s website at www.a-mcapital.com.
