Procap Group buys Germany's Schoeller Cap

Published: April 9, 2013 4:13 pm ET
Updated: April 9, 2013 4:17 pm ET

Related to this story

Topics Mergers & Acquisitions, Europe, Packaging, Injection Molding

SCHWERIN, GERMANY — Caps and closures manufacturer Procap Group has purchased Schoeller Cap Systems of Schwerin. The new enterprise, named Procap Schwerin, is Procap's first manufacturing presence in Germany.

Procap says the acquisition will also expand its customer base in the beverage industry.

Currently, SCS only makes closures for the drink industry. The combined company will allow for a broader product range and the development of new and innovative offerings.

The facility's location in Northern Germany also supports Procap's plans to expand in Scandinavia and Poland.

SCS, a medium-sized company with 12 million euros in sales, has 40 employees, all of whom will remain with the company.

Procap, based in Wiltz, Luxembourg, has industrial sites in Belgium, Hungary, Luxembourg, France, Spain and Ireland. The company makes caps and closures for the food and beverage, pharmacy, cosmetic and chemicals markets.


Comments

Procap Group buys Germany's Schoeller Cap

Published: April 9, 2013 4:13 pm ET
Updated: April 9, 2013 4:17 pm ET

Post Your Comments


Back to story


More stories

Image

The return of HPM's big presses

December 19, 2014 11:47 am ET

HPM is back in big injection molding machines.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Europe puts its 'Circular Economy' recycling effort on hold, for now

December 18, 2014 12:28 pm ET

The European Commission has withdrawn its Circular Economy initiative from its 2015 work program, and will instead replace it with “a new, more ...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

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