Plasticum sold to private equity firm

Published: September 24, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Injection Molding

TILBURG, NETHERLANDS (Sept. 24, 12:50 p.m. ET) – New York-based private equity firm Lindsay Goldberg LLC, which is represented in Europe by Lindsay Goldberg Vogel GmbH, has acquired rigid plastics packaging company Plasticum Group BV.

Tilburg-based Plasticum Group produces caps and dispensing closures for the personal care, food and home care markets at four manufacturing facilities: Tilburg and Ede (Netherlands), Waldkirch (Germany) and North Walsham (UK). The group has approximately 300 employees and had 2011 sales of 61 million euros.

Plasticum was owned by Royal Ten Cate between 1983 and 2006, when the Dutch group sold it to a management buy-out team and NPM-Capital.

The terms of the acquisition have not been disclosed. Competition authorities have already approved the deal.

Plasticum is mainly active in Europe, but its management is planning international expansion.

Roel Zeevat, CEO of Plasticum, said in a statement: “With the support of our new owner we want to drive international growth with our cost-effective and sustainable packaging solutions and continue to invest in research and development.”

Thomas Ludwig, managing partner at Lindsay Goldberg Vogel, said: “Plasticum is active in steady, growing market niches and has good potential for further international expansion with its current customer base. The expectations are excellent thanks to Plasticum’s high quality and cost-efficiency as well as the market position of its customers.”

He said Lindsay Goldberg Vogel is convinced Plasticum has the ability to gain many new customers.

In February, the private equity firm acquired German packaging manufacturer Weener Plastik AG.


Comments

Plasticum sold to private equity firm

Published: September 24, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Almost half of mid-market firms say they are looking to buy competitors

March 2, 2015 3:52 pm ET

There are steps that plastics business owners can take to keep the mergers and acquisitions parade rolling into 2015.    More

Image

P&G adding label to help guide consumers in recycling

March 2, 2015 3:29 pm ET

Procter & Gamble Co. will help prompt consumers to recycle rigid packaging by joining the Sustainable Packaging Coalition's How2Recycle Label program.    More

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

UPDATED — German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events