TriMas (NASDAQ: TRS) has announced that it has acquired Taplast S.p.A., a privately-owned designer and manufacturer of dispensers, closures and containers for the beauty and personal care, household and food packaging end markets, serving customers predominantly in Europe and the Americas. Taplast seeks to provide solutions to its customers by leveraging its deep commitment to engineering and innovation, and through its manufacturing facilities in Italy and Slovakia.
Founded 45 years ago by the Santagiuliana family, Taplast is recognized today as a global innovator and trendsetter in the dispensing and closure packaging space. Taplast has commercialized several award-winning products targeted to provide commercial solutions and end user benefits in aesthetics, feel, safety and e-commerce delivery, among others. Taplast has full manufacturing and tooling capabilities including injection molding for dispensers and closures, injection blow molding for containers, and assembly.
“We are excited to welcome Taplast, its principal owner, Paolo Santagiuliana, and its employees to TriMas and our family of businesses,” said Thomas Amato, President and Chief Executive Officer of TriMas. “Taplast has a strong brand name and comes with a wide range of complementary packaging end market products, including dispensers, foamers, single and multi-body caps, child resistant caps, jars, and specialty coffee dispensing pods. The acquisition of Taplast, and the recently announced acquisition of Plastic Srl, are examples of our commitment to invest in and accelerate the growth of our packaging platform.”
Taplast has manufacturing operations in Povolaro, Italy, and Levice, Slovakia, commercial locations in the United Kingdom, United States and France, and additional commercial representatives in Asia and South America. Taplast predominantly serves global, blue-chip customers in the beauty and personal care, household, and food and coffee packaging end markets. Taplast had revenue of approximately $32 million in 2018. The transaction closed April 29, 2019, and Taplast will be a wholly-owned division of TriMas’ Rieke business and will be reported in the Packaging segment.
Taplast was co-owned by Paolo Santagiuliana, son of the founder Evans Santagiuliana, and Alkemia Capital Partners of Milan, Italy. TriMas and Taplast, which was represented by the investment banking firm Alantra (Milan, Italy), worked exclusively to negotiate the terms of the transaction.
“We look forward to continuing to leverage the innovation focus by the Taplast technical team to accelerate opportunities for global growth for our packaging business,” said Amato.