The Netherlands-based packaging manufacturer Plasticum Group has been acquired by private equity firm Lindsay Goldberg for an undisclosed sum. The acquisition that has been fully financed with own equity capital was approved by competition authorities.
Plasticum Group CEO Roel Zeevat commenting on the acquisition said: "With the support of our new owner we want to drive international growth with our cost-effective and sustainable packaging solutions and continue to invest in Research and Development."
The company is active in steady growing market niches and with its current customer base, has good potential for further international expansion.
Plasticum Group, which produces caps and dispensing closures for the personal care, food and home care markets in four manufacturing facilities, reported a turnover of €61m in 2011. The company has four manufacturing facilities in the Netherlands, Germany and the UK.
Lindsay Goldberg is represented by Lindsay Goldberg Vogel and has over $10bn of equity capital under management.
