Procap Acquires Schoeller Cap Systems
Production at Schoeller Cap Systems in Schwerin, Germany (figure: Procap)
Procap Wiltz SA, Luxembourg, a European player in the plastic caps and closures industry, has acquired Schoeller Cap Systems (SCS), a medium sized firm (EUR 12 mil. turnover) located in Schwerin, Germany. Procap already has a sales presence in the country, but the move provides its first local manufacturing facilities. This enables Procap Schwerin – the name of the new enterprise – to better serve local clients and international customers in the region. To date, SCS focuses solely on closures for the drinks industry. Expanding its customer base in the beverages industry is a key part of Procap’s overall strategy and this acquisition expands the company’s reach in this sector. Due to SCS’s northern location, the acquisition also supports Procap’s ambitions to open opportunities in Scandinavia and Poland.
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