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 Mergers & Acquisitions, Packaging, 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

EcoCortec develops marine degradeable film to help reduce debris

September 2, 2014 9:55 am ET

Croatian specialist packaging producer EcoCortec has developed marine biodegradable film products designed to combat the scourge of plastics...    More

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 realit...    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