Plastic pallet makers Cabka and Innova Packaging merge

Published: November 20, 2012 6:00 am ET

Related to this story

Topics Packaging, Sustainability, Mergers & Acquisitions, 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

Expert says more action needed to solve ocean plastics problem

February 25, 2015 5:59 pm ET

DALLAS — Private companies are going to have to step up to the plate and open their wallets if the world ever wants to solve the growing...    More

Image

Michigan thermoformer moving into larger location

February 25, 2015 4:04 pm ET

Thermoformer Display Pack Inc. has purchased a large manufacturing building in Cedar Springs, Mich.    More

Image

Amut buys Dolci and Bielloni

February 25, 2015 3:41 pm ET

Amut SpA, the Novara, Italy-based maker of extruders, thermoforming machines and plastics recycling equipment, has acquired the Italian company that...    More

Image

Tekni-Plex buying Galazzi pharmaceutical film and tape units

February 25, 2015 3:13 pm ET

Italy's Tekni-Plex Europe NV, a subsidiary of U.S.-based Tekni-Plex Inc., has announced that its plan to acquire Gallazzi SpA's Italian-based...    More

Image

Referendum on bag ban going to California voters

February 24, 2015 6:34 pm ET

California's voters, not legislators, will be the ones to ultimately decide on the state's plastic bag ban.    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