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Italian food packaging manufacturer AMB has been acquired by an affiliate of private equity firm Peak Rock Capital for an undisclosed sum.

Established in 1969, AMB is a manufacturer of rigid and flexible films for use in packaging food such as cold meats, fresh pasta, cheese and ready-to-eat products.

Following the acquisition, Peak Rock Capital will hold a majority stake in AMB, while the founding Marin family and current management team will continue to run the business.

Headquartered in San Daniele, AMB provides the complete food packaging process including design, prototyping, tooling, and manufacturing of rigid, flexible, printed and laminated films.

With Peak Rock’s investment, AMB aims to accelerate its growth plans including its global footprint and focus on developing sustainable packaging options.

“AMB represents an exciting opportunity for us to invest in a leading provider of recyclable products within the stable and growing European market for rigid food packaging materials,” said Alex Dabbous, managing director of Peak Rock Capital Europe.

“We are excited to partner with the Marin family and the company's talented management team to support AMB's growth through geographic and customer expansion, product innovation, and potential add-on acquisitions,” he added.

Bruno Marin, CEO of AMB, said: "The investment by Peak Rock is another huge step in our growth plans, perhaps the largest in our company's history.

“Over the past 50 years, AMB has become a leader in its space through innovation, talented people and an unwavering focus on our defined vision. Peak Rock has been an active investor in our market historically and truly understands not only our business but the future growth potential of the industry.”

AMB currently operates in five locations across Europe including the UK and Germany and has over 430 employees. The company will join Peak Rock’s portfolio that consists of Halo Foods, a snack bar manufacturer which it acquired last year, Turkey Hilland Pretzels Inc.