Plasticum sold to private equity firm

Published: September 24, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, 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

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that...    More

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling....    More

Image

Global market for plastic containers to top 46 million metric tons by 2021

July 22, 2014 10:56 am ET

German research company Ceresana has released a study saying that it expects the global market for plastic containers to rise to 46.2 million metric t...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events