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

SPI hopes to build on EPS recycling

November 26, 2014 6:00 am ET

Successfully recycling expanded polystyrene can be a challenge, there's no doubt about that. EPS, however, has value, is in demand and deserves to be ...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew plc...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events