Weener Plastic Packaging Group to expand into emerging markets
WPPG, based in Germany, designs, develops and manufactures caps, closures, roll-on balls, jars and bottles for the food and beverage market among others. Customers include Beiersdorf, L’Oréal, Nestlé, P&G and Unilever.
Ulf von Haacke, MD, 3i and head of Industrial, 3i Private Equity, said WPPG’s technical know-how is a huge competitive advantage.
He added 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.
Leslie Van de Walle, former CEO, Rexam, will join 3i’s Advisory Board as chairman.
WPPG generated sales of approximately €270m in 2014 and achieved a CAGR of c.8% between 2010-2014.
