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

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized...    More

Image

Here's a peek behind our 2014 film & sheet ranking

September 15, 2014 1:22 pm ET

Today Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's look at some interesting numbers behind the...    More

Image

DS Smith adds to footprint with Croatian injection molding acquisition

September 10, 2014 2:05 pm ET

DS Smith plc, the London-headquartered packaging giant, has announced the acquisition of Kaplast dd, a Croatian injection molding company.    More

Image

Par-Pak Europe buys Holfeld Plastics

September 10, 2014 1:58 pm ET

Holfeld Plastics Ltd., the Ireland-based packaging manufacturer, has been bought by Par-Pak Europe (PPE) for an undisclosed sum.    More

Image

With help from Coke, Virent boosts production of bio-based paraxylene

September 9, 2014 4:52 pm ET

WASHINGTON — Bioplastics developer Virent is ramping up operations in Madison, Wis., thanks to additional investment from Coca-Cola Co.    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events