KKR and Apollo are among private equity firms weighing bids for Portuguese packaging company Logoplaste, in a potential $2bn transaction led by Ontario Teachers’ Pension Plan, according to sources cited by Bloomberg.

The sale process is expected to attract non-binding offers in May, with advisers sounding out both financial sponsors and strategic buyers.

Logoplaste generates approximately €1bn in annual revenue and operates more than 60 manufacturing facilities across over 15 countries, supplying major multinational clients. The company’s “wall-to-wall” production model, which places manufacturing units within customer facilities, has supported operational efficiency and long-term client relationships, making it an attractive target for investors.

Ownership dynamics remain flexible. Minority shareholders, including founder Filipe de Botton and Alexandre Relvas, may reinvest alongside a new buyer to retain their combined 40% stake, although a full acquisition of the company is also being considered.

For Ontario Teachers’, the transaction would mark a potential exit from an investment acquired in 2021, following Carlyle’s earlier ownership period.

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