back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
06-08-2015

3i Buys Weener Plastic Packaging Group

3i Group plc, London, UK, the international investment manager, has agreed to invest approximately EUR 250 million (GBP 183 million) in Weener Plastic Packaging Group (WPPG), a manufacturer of innovative plastic packaging systems for the world's leading FMCG companies and private label manufacturers. The former shareholder Lindsay Goldberg Vogel GmbH, Düsseldorf, Germany, has sold its stake in WPPG.

WPPG designs, develops and manufactures added value caps, closures and roll-on balls, as well as jars and bottles for the personal care, food and beverage, and home care market. Headquartered in Weener, Germany, the company operates in close proximity to its customers with a production network of 24 locations in 15 countries and approx. 2,000 employees across the world. WPPG supplies a well balanced customer portfolio with blue-chip names such as Beiersdorf, ColgatePalmolive, L'Oréal, Nestlé, P&G and Unilever.

The company is well positioned within the structurally growing, rigid plastics packaging market and has an excellent track record of growth; it generated sales of approximately EUR 270 million in 2014 and achieved a CAGR of approx. 8% between 2010-2014. 3i will support the management team to secure further sustainable growth using its existing innovation-led platform, investing in its successful international expansion strategy and continuing its operational improvement initiatives. Furthermore, 3i will use its international network, experience and capital to help WPPG accelerate its growth by pursuing a buy-and-build strategy to expand into adjacent product categories and new geographies such as Emerging Markets.

Through 3i's Business Leaders' Network, Leslie Van de Walle, a former CEO of Rexam, will join the Advisory Board as Chairman; Leslie brings deep sector knowledge and contacts in the packaging sector. Roel Zeevat, CEO of WPPG, said: "With the support of 3i, we will be able to take our company's development to the next level by fostering growth, expanding our global footprint, continuing to build our innovation leadership and further improving the efficiency and effectiveness of our operations."

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents