Rosti buys a major stake in Tebplast

PRW

Published: November 6, 2013 4:08 pm ET
Updated: November 6, 2013 4:14 pm ET

Related to this story

Topics Mergers & Acquisitions, Injection Molding

Rosti AB, the injection molding group owned by Swedish investment group Nordstjernan, has acquired a majority stake in Tebplast Plastik San.Tic.A.S., a Turkish in-mold-labeling (IML) business.

Terms of the deal were not being disclosed, however Erdem and Engin Teber, members of the family which founded the Istanbul-based group in the 1980s, will stay on as managing director and operations director respectively.

Tebplast, which has 40 IML lines and employs 110f, was expected to turnover around 20 million euros this year, according to Barry Coughlan, Rosti's chief operating officer for Europe.

"The business has a great reputation for supplying products into the dairy, fresh food and chilled and frozen food sectors, and has seen quite dramatic growth in a market where consumption is booming," he added.

Malmo, Sweden-based Rosti had been looking to expand in Turkey for some time, Coughlan said, and added that Tebplast presented the enlarged group with good export opportunities out of the country.

Erdem Teber meanwhile said the deal was a "very important milestone" in Tebplast's history.

"We are delighted to have Rosti as a majority shareholder. We see clear synergies going forward which allow the company to accelerate its growth even further," he added.

In a statement Rosti said Tebplast would be incorporated into its packaging division, headed up by Magnus Emeus.

Rosti, which is on track to post sales of 400 million euros this year, planned to make a number of further acquisitions in the coming 12 months as well as posting organic growth in order to establish it as a 600 million-euro-per-year business by 2016, said group chief executive Borje Vernet.

The company was looking to buy businesses in Europe, Asia and the United States, Coughlan added.


Comments

Rosti buys a major stake in Tebplast

PRW

Published: November 6, 2013 4:08 pm ET
Updated: November 6, 2013 4:14 pm ET

Post Your Comments


Back to story


More stories

Image

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

Increased orders prompt Georg Utz to add capacity, equipment in Indiana

April 18, 2014 12:20 pm ET

Plastic totes and tray orders have picked up to the point where manufacturer Georg Utz Inc. has added machines, silos and material feed systems to...    More

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    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

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Market Reports

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

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

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