Spanish investment firm buys closure molder Betapack

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: January 21, 2013 12:08 pm ET
Updated: January 21, 2013 12:14 pm ET

Related to this story

Topics Containers/closures, Packaging, Insert molding

IRÚN, SPAIN -- Spanish closure molder Grupo Betapack, which owns a subsidiary in Brazil, has been acquired by Madrid-based private equity firm Mercapital.

Mercapital, which took an 80 percent stake in the molder, aims to consolidate Betapack's position as a leading supplier of closures to Europe's bottled water segment and support its international expansion.

Betapack molds polyethylene and polypropylene is Europe's third ranked closure producer for the water market.

The new investor, along with Betapack's management team, invested 40 million euros ($53 million) in the Irún-based packaging company through the purchase of shares and a capital increase.

Betapack runs plants in Irún and its South American offshoot Mirvi Brasil, in Cabreúva, near São Paulo.

Mercapital bought the shares from the Basque Country state risk fund Suztapen Fondo de Capital Riesgo (FCR).

Betapack recorded 2012 sales of 60 million euros ($80 million).


Comments

Spanish investment firm buys closure molder Betapack

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: January 21, 2013 12:08 pm ET
Updated: January 21, 2013 12:14 pm ET

Post Your Comments


Back to story


More stories

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Europe's bag use still expected to climb despite possible bag restrictions

April 22, 2014 9:29 am ET

Ceresana, a Germany-based research company, has released a report forecasting that by 2020 the sales volume of bags and sacks in Europe will reach 9....    More

DuPont: Asia's food packaging market at a major transition point

April 21, 2014 1:26 pm ET

DuPont Co. touted its packaging innovations and applications, and updated the firm's commercial status at a media event two days before the Chinaplas ...    More

Image

Savvy customers follow raw material prices as closely as processors

April 21, 2014 2:25 pm ET

Savvy customers closely follow the prices of raw materials. The result: in the film and sheet segment of the plastics industry, even if processors...    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events