By: EUROPEAN PLASTICS NEWS
June 21, 2013
Germany-based packaging producer Weener Plastik AG is hoping to strengthen its position in the packaging market by integrating Plasticum Group BV, a Netherlands-based producer of caps and closures, into its organization.
Both companies are owned by New York-based private equity firm Lindsay Goldberg LLC.
Weener says Plasticum, based in the Netherlands, complements its product portfolio. Plasticum manufactures caps and closures for personal care, food and home care products while Weener focuses on customised packaging products says the firm.
Plasticum, which has four plants in the Netherlands, Germany and the United Kingdom, will become a Weener subsidiary.
Plasticum CEO Roel Zeevat will become CEO of the new joint company, which is aiming for growth in Asia and South America. Johann Meinders, the current CEO of Weener, will leave the management team to act as a consultant.