Atlantic Joint Origin Abenex

Carmine Capital supports Atlantic Joint in its merger with Origin Seal

Carmine Capital leverages its industry expertise and national reach by bringing together Atlantic Joint and Origin Seal, which was acquired by Abenex two years ago. 

Industrial synergies and geographical complementarity

Founded in 1993, Atlantic Joint especialises in the custom cutting of joints, profiles, sleeves and specific bands for a wide range of markets. The company has also developed a joint trading activity, further strengthening its market-leading position in the sector.
Atlantic Joint generates over €3 million in sales. Headquartered in Nantes, Atlantic Joint has a significant footprint in the Western part of France (“Grand Ouest”), enabling Origin to expand its activities in this strategic area, its historical base being in the Lyon region. Thierry Buissonneaud and Antoine Lefebvre, who have managed Atlantic Joint for over 15 years, will ensure an operational transition to facilitate the successful integration of Atlantic Joint within the Origin Seal group. 


A second acquisition in 2 years for Origin Seal

This acquisition represents the second acquisition for Origin since Abenex became a shareholder of the company in September 2022. Atlantic Joint’s acquisition reinforces Origin Seal’s position in the national industrial seals’ market enhancing its offering with additional expertise in custom cutting, previously outsourced. Origin Seal employs almost 200 people and recorded revenues of almost €40 million last year, of which almost a third were generated outside France. As part of this strategic expansion, the newly formed entity is forecasting sales of nearly €45 million for the current year. 

Gilles Nauche, CEO of Origin Seal, comments, “We are delighted to welcome Atlantic Joint to the Origin Seal group. This acquisition reinforces our market position and enable us to provide our customers with an even more comprehensive range of products. This new partnership facilitates further growth and development opportunities, particularly in the Grand Ouest region.”

Edouard Jeandey, Director within the Abenex Mid-cap team, adds “This acquisition demonstrates our continuous support for Origin Seal’s growth and the consolidation of its market position, which remains highly fragmented. Atlantic Join’s acquisition aligns perfectly with the Group’s dynamic external growth strategy. We are also considering other acquisition opportunities in France and Europe, demonstrating our strong desire to expand our footprint within the European market.”


A deal carried out with professionalism and serenity

The directors of Atlantic Joint look back on their experience of the sale: “Contacts with the Carmine Capital team were always constructive and well-informed. They successfully advised us and/or guided us in our choices. This way to manage such an event in the life of the company enabled us to take care of our day-to-day business more serenely,” emphasizes Antoine Lefebvre. 

Thierry Buissonneaud adds: “I particularly appreciated the continuous and transparent communication throughout the process, which kept us informed and confident. The seriousness of the takeover proposal convinced us from the outset. Being backed by a fund, Origin Seal has the necessary resources to ensure the company’s long-term future and development. The takeover of Atlantic Joint in its entirety is a guarantee of stability for all our employees.”

“We are delighted to have contributed to the merger between Atlantic Joint and Origin Seal. It is always a source of pride to advise management on their financial transactions. At Carmine Capital, we aspire to preserve the identity of the companies we advise, while ensuring their growth long after the transaction,” shares Xavier Langlois, Director at Carmine Capital.


For more information, please contact: Xavier Langlois, Tanguy Payoux, Clément Richard and Anne-Laure Saint-Marc Girardin.


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