Weener Plastic Packaging Group has restructured in an attempt to exploit the considerable international potential in personal care, food & beverage, home care, chemical and pharmaceutical packaging markets.
The Plasticum Group of the Netherlands with four European plants will be integrated into the group as a subsidiary and Weener Plastik will continue under a restructured management.
Plasticum, which manufactures plastic standard caps and closures for personal care, food and home care products, supplements the existing product portfolio of the Weener Plastic .
Weener and Plasticum belong to the Lindsay Goldberg private equity investment fund of New York, since 2012.
Lindsay Goldberg is represented by Lindsay Goldberg Vogel in Central Europe.
Plasticum CEO Roel Zeevat said Lindsay Goldberg gives the company an opportunity to invest both in R&D and international expansion.
"As joint company, we can act as a global partner for our international customers through our expanded production network," Zeevat said.