Breaking News on Food and Beverage Processing and PackagingWorldUSEurope

News > Financial

News in brief

Weener plastics packaging New Year acquisition

By Jenny Eagle+

02-Jan-2014

The Weener group, a German based global corporation, has acquired the remaining shares of the Mumbai headquartered Weener Empire Plastics (WEPL) for an undisclosed sum.

The transaction was completed on December 21 and includes seven factories across India to increase its growth in emerging markets.

Roel Zeevat, CEO, Weener Plastic Packaging Group said WEPL has performed well in the past and it will target this growth in the coming years.

This acquisition is aligned to our strategy of enhancing our footprint in the emerging markets,” he added.

Weener Empire Plastics manufacturers plastic closures and containers for the personal care, food and pharmaceutical industry. It had been a minority shareholder for the group for eight years.

Weener Plastic Packaging Group employs 2,000 people and has 31 facilities in 20 countries across the world.

Related products

Key Industry Events

 

Access all events listing

Our events, Events from partners...

On demand Supplier Webinars

High Pressure Processing for Beverages
Avure Technologies
Bottling solution for Liquid dairy products
GEA Process Engineering Inc.
All supplier webinars