Constar's Dutch plant sold to UTB Industry

Anthony Clark
PRW

Published: June 11, 2014 11:04 am ET
Updated: June 11, 2014 11:08 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Blow Molding
Companies & Associations Constar International LLC

UTB Industry, situated in Waalwijk in the Netherlands, has taken over the Zevenaar, Netherlands-based operations of PET blow molder Constar International Holdings LLC.

Constar molds PET bottles and preforms for the soft drink, dairy, beer and wine markets. Trevose, Pa.-based Constar had filed for Chapter 11 protection from creditors on in December. The company’s U.S. operations have since been sold to Plymouth, Mich.-based Plastipak Packaging Inc., and its Leeds, England, plant was sold to British investment firm Sherburn Acquisitions, an acquisition vehicle connected to London-based investment firm Greybull Capital LLP.

The Dutch activities of Constar will resume as part of a new venture, Constar Plastics BV. The company will continue under the current management.

Dick Uittenbogert of UTB Industry said in a news release: “I am pleased that we were able to finalize this deal as there is a lot of potential in the company. Now it’s a matter of Constar distinguishing itself from its competitors.”


Comments

Constar's Dutch plant sold to UTB Industry

Anthony Clark
PRW

Published: June 11, 2014 11:04 am ET
Updated: June 11, 2014 11:08 am ET

Post Your Comments


Back to story


More stories

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Portugal's Gepack setting up PET packaging facility in Arizona

July 18, 2014 3:32 pm ET

Gepack, a maker of PET bottles in Portugal, is setting up new a manufacturing facility in Arizona.    More

Image

Bag ban stalls, bottle bill may be headed to Massachusetts voters

July 18, 2014 12:26 pm ET

A proposed state-wide bag ban that drew much attention when it was proposed last spring has since stalled out, and a decades-long effort to include ne...    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

Upcoming Plastics News Events

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

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

More Events