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

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Report: SVP takes Klöckner Pentaplast off the market

October 21, 2014 4:19 pm ET

Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to an Oct. 21 Reuters article.    More

Image

Wisconsin cast film maker buys Ohio blown film specialist

October 21, 2014 2:57 pm ET

A Midwest U.S. acquisition has created a company armed with two distinct film technologies: cast films and coextruded blown film constructions.    More

Image

Omega buys Vinylex, adds capacity, locations

October 21, 2014 1:48 pm ET

Profile extruder Omega Plastics LLC has expanded its stake in the market by acquiring Vinylex Corp.    More

Image

Report: Suspected former Nazi with plastic connection collecting Social Security

October 20, 2014 3:52 pm ET

AKRON, OHIO — A one-time plastics executive in Akron is among dozens of suspected former Nazis who have been collecting U.S. Social Security pay...    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

More Events