In a corporate restructure, Plasticum Group of The Netherlands is to be integrated as a subsidiary of Germany-based Weener Plastic Packaging Group.
According to the company, the move will enable the new group to “fully exploit the considerable international potential” in the Personal Care, Food & Beverage, Home Care, Chemical and Pharmaceutical packaging markets.
Weener Plastik GmbH will continue under a restructured management. Weener and Plasticum have been part of the Lindsay Goldberg LLC private equity investment fund of New York since 2012, represented in Central Europe by Lindsay Goldberg Vogel GmbH.
Plasticum manufactures plastic standard caps and closures for Personal Care, Food and Home Care products in its four plants located in Tilburg and Ede in The Netherlands, Waldkirch (Germany) and North Walsham (UK) and will “perfectly supplement the existing product portfolio” of Weener, which is described as being mostly dedicated to the implementation of customised packaging projects.
Roel Zeevat, CEO of the new combined group, says: “As a joint company, we can act as a global partner for our international customers through our expanded production network.
“In addition, our owner Lindsay Goldberg gives us the opportunity to invest more heavily both in R&D and international expansion.”
