Weener takes full ownership of Indian packaging company

EUROPEAN PLASTICS NEWS

Published: January 3, 2014 12:47 pm ET
Updated: January 3, 2014 12:48 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Injection Molding, Blow Molding

Rigid packaging company Weener Plastic Packaging Group has taken full ownership of Weener Empire Plastics (WEPL), its operation in India which has seven factories in the country.

In a statement, Weener, Germany-based Weener said it had been a minority shareholder in WEPL for eight years, but it now owns 100 percent of the Indian company's shares after completing a transaction on Dec. 21.

WEPL molds plastic closures and containers for the personal care, food and pharmaceutical industry.

"This acquisition is aligned to our strategy of enhancing our footprint in the emerging markets. WEPL has performed well in the past years and we target to add to this growth further in the coming years," said Roel Zeevat, CEO of Weener Plastic Packaging.

WEPL's managing director A. B. Gupta and director Abhinav Gupta will keep their current positions and stay on the board of the Indian operations.


Comments

Weener takes full ownership of Indian packaging company

EUROPEAN PLASTICS NEWS

Published: January 3, 2014 12:47 pm ET
Updated: January 3, 2014 12:48 pm ET

Post Your Comments


Back to story


More stories

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Nolato Contour beefs up white room molding capabilities

September 18, 2014 11:56 am ET

Nolato Medical has extended its controlled environment options to include a white room at its Baldwin, Wis., Nolato Contour plant.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

Cascade Engineering founder Keller to step down as CEO

September 16, 2014 8:33 pm ET

Cascade Engineering Inc. is undergoing a transition as President Mark Miller will also add the role of CEO, replacing founder Fred Keller, who has...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and Dis...    More

Market Reports

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

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

Upcoming Plastics News Events

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

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

More Events