Private equity firm buys global drum and IBC molder

By Jim Johnson
Senior Staff Reporter

Published: May 12, 2014 2:02 pm ET
Updated: May 12, 2014 2:23 pm ET

Related to this story

Topics Mergers & Acquisitions, Drums, Packaging, Blow Molding

Private equity firm Clayton, Dubilier & Rice LLC is acquiring Mauser Group, an industrial packaging company that makes plastic packaging, drums and intermediate bulk containers, from Dubai International Capital LLC.

Mauser, which also reconditions used plastic drums and IBCs, has locations in North America, Latin America, Europe and Asia.

The transaction is valued at approximately $1.7 billion for the company that also had more than $1.6 billion in revenue last year, Dubai International Capital said.

Mauser, based in Bruhl, Germany, near Cologne, serves customers in the food, beverage, chemical, agrochemical, petrochemical and pharmaceutical markets. The company also sells blow molding machinery to other firms.

“Mauser has been a very successful investment for DIC, providing a return of approximately double our equity invested,” CEO David Smoot said in a statement.

Dubai International Capital acquired Mauser in 2007 for about $1.1 billion.

“We partnered with a strong management to improve the group from both a strategic and financial perspective, and now is the right time for it to continue its development under new ownership,” Smoot said in the statement.

Mauser grew from 53 locations in 12 countries to 83 locations in 18 countries under Dubai International Capital’s control. The company’s reconditioning services are provided through its National Container Group unit.

“Mauser is a competitively well-positioned, resilient business with strong exposure to the higher growth sub-segments of the rigid industrial packaging market in North America and Europe,” said CD&R Partner David Novak said in a statement. “We believe the company will continue to benefit from the combination of attractive, end-market growth and new operating improvement initiatives.”

Along with its work in plastics, the company also makes fiber drums and steel drums.

Dubai International Capital is part of Dubai Holding, which is owned by Sheikh Mohammed Bin Rashid Al Maktoum, ruler of the emirate. The sale of Mauser is part of a larger divestiture push designed to raise money to pay down debt.


Comments

Private equity firm buys global drum and IBC molder

By Jim Johnson
Senior Staff Reporter

Published: May 12, 2014 2:02 pm ET
Updated: May 12, 2014 2:23 pm ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Tighter resin prices leading to price hike for PE film

August 29, 2014 11:13 am ET

One of North America's largest film makers is pushing through a polyethylene price increase due, in part, to the tight resin market.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Sidel opens training center in Mexico

August 29, 2014 9:00 am ET

Swiss machinery company Sidel Group has opened a new training center in Guadalajara, Mexico, featuring a virtual factory environment, augmented...    More

Image

Pregis, Sealed Air settle film-foam patent dispute out of court

August 28, 2014 1:01 pm ET

A couple of packaging companies are settling their patent fight over film-foam underlayment.    More

Market Reports

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

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events