Weener Plastic Packaging Group to expand into emerging markets

By Jenny Eagle contact

- Last updated on GMT

Related tags: Investment, Bottle

Leslie Van de Walle, former CEO, Rexam, to join 3i’s Advisory Board
Leslie Van de Walle, former CEO, Rexam, to join 3i’s Advisory Board
3i Group (3i) has agreed to invest approximately €250m (£183m) in Weener Plastic Packaging Group (WPPG), after former shareholder, private equity firm Lindsay Goldberg Vogel sold its stake.

WPPG, based in Germany, designs, develops and manufactures caps, closures, roll-on balls, jars and bottles for the food and beverage market among others. Customers include Beiersdorf, L’Oréal, Nestlé, P&G and Unilever.

Ulf von Haacke, MD, 3i and head of Industrial, 3i Private Equity, said WPPG’s technical know-how is a huge competitive advantage.

He added 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.

Leslie Van de Walle, former CEO, Rexam, will join 3i’s Advisory Board as chairman.

WPPG generated sales of approximately €270m in 2014 and achieved a CAGR of c.8% between 2010-2014.

Related topics: Processing & Packaging

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