Plasticum sold to private equity firm

Published: September 24, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Packaging Injection Molding
Companies & Associations

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

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising l...    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