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
Companies & Associations

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

Market Reports

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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events