Weener Plastics
- Sector Industrial
- Year invested 2015
- Location Germany
- Status Realised
Weener Plastics is a leading provider of innovative plastic packaging solutions, supplying the world’s leading A-brands and private label players.
Visit wppg.com
Overview
Weener Plastics (“WP”) focuses on the design, development and manufacturing of value-added caps and closures, deodorant sticks and roll-ons, and other innovative packaging for the personal care, food and beverage, home care and healthcare industries.
We invested in WP in 2015 and have supported its international growth strategy through expansion into new product categories such as pharma packaging, and strengthened its position in its existing segments. During this period WP also completed four bolt-on acquisitions, significantly reinforcing its presence in Latin America and Europe, and delivered consistent growth, doubling its EBITDA under our ownership.
How we added value
- Sustainability initiatives have been recognised with an EcoVadis Platinum rating, placing WP in the top 1% of companies in the manufacture of plastic packaging worldwide.
- Using our international network, experience and capital to support WP’s growth through their buy-and-build strategy, supporting four add-on acquisitions in Russia, Poland, Brazil and Colombia
- Established as the leading international platform specialised in innovative and sustainable plastic packaging solutions.
- Delivered continuous growth, leveraging its strong and long-lasting customer-relationships and implementing extensive operational excellence initiatives.
- Introduced Niall Wall, former CEO of Ardagh as Chair as well as Laurent Philippe, former president CEEMEA of P&G, and Dr. Knut Michelberger to the Supervisory Board as Non-Executive Directors via our Business Leaders Network
Our partnership with 3i has been very successful. We have expanded into new geographies, significantly grown the size of our business and laid the foundation to be the reference player in innovative and sustainable plastic packaging solutions.
Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.