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Private equity funds managed by Blackstone (Blackstone) have agreed, alongside management, to acquire Averys, the leading European manufacturer of customised racking and storage solutions for warehouses, from Equistone Partners Europe (Equistone).
Headquartered in Paris, Averys is a European group with 1,700 employees and is involved in the conception, production and installation of storage systems: racks, warehouse automation and metallic furniture.
Juergen Pinker, Senior Managing Director at Blackstone, said: We are delighted to have...