Private equity firm Lindsay Goldberg LLC, New York, in Central Europe represented by Lindsay Goldberg Vogel GmbH, has acquired Plasticum Group B.V., the Netherlands, today. The Competition Authorities have already approved the acquisition, that has been fully financed with own equity capital. It has been agreed that the terms of the acquisition will not be disclosed. Plasticum Group, with approximately 300 employees, had a turnover of € 61 million in 2011. The company produces special Caps and dispensing Closures for the Personal Care, Food and Home Care markets in four manufacturing facilities (Tilburg (NL), Ede (NL), Waldkirch (D) and North Walsham (UK)). Plasticum’s customers are renowned manufacturers of international brands and private labels.
International investments and Research and Development:
Plasticum is currently mainly active in Europe, while the management plans a strong international expansion. “With the support of our new owner we want to drive international growth with our cost-effective and sustainable packaging solutions and continue to invest in Research and Development”, says Roel Zeevat, CEO of Plasticum Group B.V. “Plasticum is active in steady growing market niches and has good potential for further international expansion with its current customer base. The expectations are excellent thanks to Plasticum’s high quality and cost-efficiency as well as the market position of its customers. Finally, we are convinced that Plasticum has the ability to gain many new customers in their business lines”, says Dr. Thomas Ludwig, Managing Partner at Lindsay Goldberg Vogel GmbH.
