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3i invests €250m in Weener Plastic Packaging Group

  • Weener Plastics
Europe, Germany, Austria, Germany, Primary Packaging, Plastic

3i Group plc (3i), the international investment manager, has agreed to invest approximately €250 million (c. £183million) in Weener Plastic Packaging Group (the Company or WPPG), a leading manufacturer of innovative plastic packaging systems for the world’s leading FMCG companies and private label manufacturers. The former shareholder Lindsay Goldberg Vogel 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, Colgate-Palmolive, 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 €270 million in 2014 and achieved a CAGR of c.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. The 3i team consisted of members from Germany, the Benelux, the Nordics and the UK, who worked closely together on the deal.

Ulf von Haacke, 3i Managing Director and Head of Industrial, 3i Private Equity, commented:

"WPPG's focus on innovation and superior technical know-how is a huge competitive advantage. The Company has a leading position in its core markets and we look forward to working with the strong management team to further increase the Company’s market share and global footprint through a buy-and-build strategy."

Roel Zeevat, CEO of WPPG, said:

"WPPG's strong track record of innovation and our competitive position were attractive to 3i. 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. We look forward to all that we will achieve together as we welcome 3i as our new investor."

See also

Weener Plastics thinks green, serving up sustainable solutions for environmentally conscious customers

As pressure to ‘think green’ escalates through the roof, sustainability continues to be an integral part of Weener Plastics’s strategy. Boasting unrivalled technological competences, the company develops packaging components for the personal care, food & beverage, and home care markets, working incessantly towards minimising its carbon footprint. Ilona Vermeer underscores the importance of sustainability solutions for Weener, explaining how it is determined to make the plastics packaging industry circular in the next years.

Multiple awards for Nivea packaging with Weener Dispensing closure

Nivea Hand Care’s alluring packaging isn’t just pleasing to look at. Picking it up is almost irresistible – and delivers a pleasant consumer experience. That is why the appealing packaging has received several awards in 2017, such as the Red Dot Design Award for Communication Design and the German Packaging Prize. A welcome compliment for the hinged dispensing closure produced by Weener Plastics, which is functional, convenient, reliable and attractive.

  • Company News
  • English
  • Modified 11 Aug 2015
  • Hits 2428