RKW buys Hyplast, folds into RKW Agri

EUROPEAN PLASTICS NEWS

Published: April 15, 2014 11:13 am ET
Updated: April 15, 2014 11:19 am ET

Image By: Hyplast NV Hyplast's Hytibag agricultural film for silage storage. The company is now part of RKW.

Related to this story

Topics Mergers & Acquisitions, Agricultural, Film & Sheet

RKW SE, a Germany-based films and flexible packaging group, has announced it has acquired Belgium’s Hyplast NV.

The company will now operate under the name RKW Hyplast NV.

Hyplast, based in Hoogstraten, Belgium, will be a part of RKW Agri, a subsidiary of RKW that concentrates on its agricultural business.

“This acquisition creates a leading contender in the European plastic agricultural business. We look forward to a highly successful future,” said Paul Leenders, CEO of Hyplast.

Roland Roth, CEO of RKW Group said: “Due to the perfect fit, we expect high synergies and we will significantly strengthen our strategic position”.

Included in the purchase is the recycling company KPR as well as an office in South Carolina, which oversees marketing and sales of products for the North American market.

Hyplast reported sales of approximately 74 million euros ($102.2 million) in 2013 and employed 135. RKW employs 3,000 people and generated sales of 860 million euros ($1.18 billion) in 2013.


Comments

RKW buys Hyplast, folds into RKW Agri

EUROPEAN PLASTICS NEWS

Published: April 15, 2014 11:13 am ET
Updated: April 15, 2014 11:19 am ET

Post Your Comments


Back to story


More stories

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank...    More

Image

3D Systems buying Cimatron

November 24, 2014 1:46 pm ET

3D Systems Corp. is buying Cimatron Ltd., an Israel-based company that makes integrated computer-assisted design and manufacturing software, for $97...    More

Image

EU sets consumption goal of 40 plastic bags per person by 2025

November 24, 2014 9:27 am ET

Representatives of European Union member states hammered out a deal Nov. 21 to reduce consumption of lightweight plastic bags to 40 bags per person...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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