Plastic pallet makers Cabka and Innova Packaging merge

Published: November 20, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Sustainability, Packaging, Recycling

WEIRA, GERMANY (Nov. 20, 12:25 p.m. ET) — Two European plastic pallet manufacturers — Cabka GmbH and Innova Packaging System NV — have merged under the newly-founded Cabka Group.

Terms of the deal were not disclosed. Until a joint brand is announced, the Cabka and IPS labels will remain intact, according to a news release.

The merger includes the St. Louis-based Cabka North America Inc.

Combined, the two companies will be a broad-based, international provider of plastic pallets, boxes and pallet boxes. Both companies have complementary product portfolios and production sites: Cabka specializes in inexpensive, one-way pallets for exports, while IPS focuses on higher-priced multi-way pallets.

Along with injection molding operations, Cabka has mixed plastics recycling lines as its plants in Weira, Germany; Valencia, Spain; Toronto and St. Louis.

IPS, based in Ypres, Belgium, serves the Benelux countries — Belgium, the Netherlands and Luxembourg — as well as the United Kingdom, Ireland, France and Spain.

The merger will enable both companies to improve their market positions and effectively innovate, according to the release.

"We want to organically grow together by way of a strong range and continuous innovation-based expansion," said Gat Ramon, a Cabka Group director, said in the release.

Cabka Group’s plans include a new production line, complete with recycling plan for mixed plastics, in the vicinity of Ypres, Ramon said.

The combined company will have 390 employees, two thirds of which will come from Cabka and one third from IPS. No changes to the overall employee count are planned, according to the release.


Comments

Plastic pallet makers Cabka and Innova Packaging merge

Published: November 20, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Berry's rebranded Blue Clover expands packaging design reach

January 23, 2015 1:59 pm ET

As design director of Berry Plastics Corp.'s rebranded packaging design studio, Scott Fisher believes the new name of Blue Clover Studios cuts the...    More

Image

Mexico's Polymer Solutions looks to grow, expand offerings with name change

January 23, 2015 12:03 pm ET

British biodegradable additives developer Symphony Environmental Technologies plc's Mexico distributor has changed its name from Plásticos...    More

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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