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."
WP launches first 100% recyclable dispensing valve
Following extensive research, trials, laboratory tests, and consumer reviews, WP’s Innovation & Development team has created a 100% recyclable valve that offers fully controlled, clean dispensing. WP’s fully recyclable valve is made of a specially developed material. This enables full recycling with polyolefin waste streams – regardless of the bottle material.
Need to freshen up shoes after intensive activity? Weener Plastics (WP) has developed Carl, a smart shoe deo spray concept with two sprays circulating in opposite directions. In addition, Carl is a very sustainable solution. It has been especially designed to be produced from Post Consumer Recycled polypropylene.
Global packaging manufacturer Weener Plastics has become an official participant in the Amazon Packaging Support and Supplier Network (APASS). The company is experienced in designing, developing and manufacturing rigid plastic packaging that meet demanding e-commerce delivery circumstances. Accordingly, Weener Plastics is pleased to be qualified as a member for Amazon's Frustration-Free Packaging Programs.
New Guhl packaging helps Kao reach sustainability goals
Sustainability is the most important topic in the plastics industry. Brand owners and plastic packaging manufacturers are eager to reduce the environmental footprint of plastic packaging. Kao has great ambitions in this area. The Japanese personal care manufacturer is introducing rPET bottles for its renowned hair care brand Guhl, manufactured by Weener Plastics.
The inventive development team at Weener Plastics (WP) in Brazil developed the Eco Green Tube, an environmentally-friendly, mono-material squeeze tube for Personal Care solutions. Sustainability was the key challenge for the development of this standard 40 mm tube, being the first real “green tube” in the market. With a production base in Brazil, the Latin-American market is targeted.
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.
Weener Plastics' e-commerce-ready laundry detergent closure for Henkel
Henkel and Weener Plastics have teamed up to translate a challenging new laundry detergent closure design into reality. The result is an appealing, functional dispensing closure that perfectly complements the newly designed bottle and has the ultimate mix of characteristics: a sustainable system with excellent pouring behavior, suitable for e-commerce use and optimal efficiency in manufacturing and logistics.
Weener Plastics' attractive spray cap for new Nivea deodorant packaging
For many years, Nivea has been Beiersdorf’s loved and always reliable global skin care brand. Great care was taken in selecting a packaging supplier for their new female deodorant and anti-perspirant range. Weener Plastics (WP) was chosen to design, develop and manufacture the new twist-lock spray cap, including development and manufacturing of the tooling.
Weener Plastics (WP) Group acquires Latin American packaging solutions provider Proenfar from Altra Investments. The agreement was signed on 23 April 2018. With this acquisition, plastic packaging supplier WP continues its expansion in emerging markets and strengthens its product portfolio. The parties have agreed not to disclose the purchase price. The transaction is subject to customary closing conditions.
Weener Plastics adopts pioneering approach with PCR
Driven by innovation and the ambition to push boundaries, Weener Plastics (WP) has initiated a variety of circular economy programs. One of these initiatives is the introduction of non-food standard caps and closures made from up to 100% Post Consumer Recycled (PCR) polypropylene.
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.
Weener Plastics acquires Orange Products Brazil
Weener Plastics (WP), headquartered in The Netherlands, has acquired the shares and operations of Orange Products Plasticos Ltda in Brazil (OPB) from Orange Products Inc (OPI) and C-Pack, its current shareholders. The transaction was closed on 11 October 2017 for an undisclosed amount. This acquisition is in line with WP's M&A strategy.
Visual quality, sustainability and convenient handling is why renowned brand owners have chosen Weener's new CosmoTop tube closures. The alluring dispensing closures combine weight reduction with proven consumer benefits whilst giving the package an attractive look. CosmoTop lines stand for upmarket tube closures and benefit from two lid design options.
Weener Plastic Packaging Group (WPPG) has acquired the shares of its joint venture partner Globalpack and currently owns 100% of Weener Globalpack Indústria Plástica Ltda in Jaraguá, São Paulo, Brazil. The plant produces plastic packaging components for deodorants and antiperspirants. The company has been renamed and will operate as Weener Indústria Plástica Ltda from now on.
In recognition of market demands for innovative and superior quality tubes closures, Weener has developed a family of attractive tube closures called CosmoTop. These are available in several diameters, designs and surface finishes. Various smart features with additional consumer benefits were incorporated in this development.
Weener Plastic Packaging Group (WPPG) has expanded its production activities in the Netherlands. The facility in Ede – Plasticum Netherlands, part of WPPG since June 2013 – has almost doubled its operations with the annexation of its 4,400m2 neighbour building. A newly built corridor connects the two buildings, resulting in a total space of 11,000m2.
Weener has launched its new corporate website - www.wppg.com. Plasticum - part of the Weener Plastic Packaging Group since June, 2013 - has been integrated into the new site. The fully redesigned website has a contemporary look and feel, and much more user-friendly navigation, following the latest world wide web web standards. The new site reflects the company's focused strategy and the capabilities to meet today's customer needs.
Hochland, the leading expert for cheese products in Europe, has recently launched a new range of cream cheese products. Being a valued supplier for many years, Weener Plastic Russia was awarded the job to design and develop the complete new packaging range. The packaging is functional and appealing. The jars and lids are injection moulded while decorated with an In-Mould-Label and have been optimized to offer a stable and sound filling process on high speed filling lines.
The Weener Plastic Packaging Group has developed a new patented cost-effective dosing system: the Pure Dispense technology. The applied membrane is a sustainable solution for an accurate and controlled dispense of various formulations, thanks to the efficient and direct movement of the membrane when squeezing the tube or bottle. It is particularly suitable for personal care solutions, such as creams, gels and lotions.
In order to support customers internationally even better in the future and expand Weener's market position, the Weener Plastic Packaging Group will restructure: The Dutch Plasticum Group B.V. with its 300 employees and four European production facilities will be integrated into the Weener Plastic Packaging Group as a subsidiary.
- Jo Webb
- Company News
- Created 16 Jun 2015
- Modified 11 Aug 2015
- Hits 2844