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 Mergers & Acquisitions, Packaging, Blow Molding, Injection 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

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is...    More

Image

Blow molder begins expansion

December 16, 2014 11:56 am ET

SPI Blow Molding LLC is growing in two phases that will give the Columa, Mich.-based company more room for storage, warehousing and secondary...    More

Image

Plastikos, Micro Mold working with local high school

December 15, 2014 6:00 am ET

The companies donated a 60-ton Demag injection press to the school, and Micro Mold’s general manager has worked with the high school's tool...    More

Image

New leader gives molder a spark

December 12, 2014 11:40 am ET

A dynamic 32-year-old woman is energizing a Woodstock, Ill., injection molding business that her grandfather, now 80, founded as a tool shop.    More

Image

Automotive supplier IAC expands in Alabama

December 12, 2014 12:34 pm ET

Automotive giant International Automotive Components has expanded its Alabama operations with a new 126,000-square-foot facility located adjacent to i...    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