- PLASTICUM Group B.V. is integrated into the group
- New management structure
- Company sees high growth potential
Weener, 18 June 2013. To fully exploit the considerable international potential in Personal Care, Food & Beverage, Home Care, Chemical and Pharmaceutical packaging markets,WEENER Plastic Packaging Group located in Weener (Lower Saxony) has restructured:PLASTICUM Group B.V. of the Netherlands, with its 300 employees and four European plants, will be integrated into the WEENER Plastic Packaging Group as a subsidiary andWEENER Plastik GmbH will continue under a restructured management.
PLASTICUM perfectly supplements WEENER's product portfolio
PLASTICUM manufactures innovative plastic standard Caps and Closures for Personal Care, Food and Home Care products in its four plants located in Tilburg (NL), Ede (NL), Waldkirch (D) and North Walsham (UK) – and perfectly supplements the existing product portfolio of the WEENER Plastic Packaging Group: Whereas WEENER is mostly dedicated to the highly professional implementation of customized packaging projects, PLASTICUMhas successfully concentrated on the development, manufacturing, sales and distribution of innovative and cost-effective standard Caps and Closures. The customers of both companies are large producers of international branded articles and trade names as well as (international) contract packers. Since 2012, WEENER and PLASTICUM belong to the Lindsay Goldberg LLC private equity investment fund of New York, represented in Central Europe by Lindsay Goldberg Vogel GmbH.
Joint expansion of a strong market position – Roel Zeevat becomes CEO of the company group „As joint company, we can act as a global partner for our international customers through our expanded production network. In addition, our owner Lindsay Goldberg gives us the opportunity to invest more heavily both in R&D and international expansion", saysPLASTICUM CEO Roel Zeevat, who will be the company group's CEO and who sees a large growth potential, specifically in Asia and South America. The group's CTO will be Gerhold
Flockenhagen (so far WEENER's COO), CSO for branded articles will be Ralf Sonnenberg (to date WEENER's CSO), and CSO for standard products will be Ben Mennink (to date PLASTICUM's CCO). During the course of the transformation process and by mutual agreement, Johann Meinders (to date WEENER's CEO) will leave the management ofWEENER Plastik GmbH but will remain connected to the company as consultant. „We thank Johann Meinders for his work, which contributed immeasurably to the company's success, and wish him the best in his future professional and private life", said Dr. Thomas Ludwig, president of the company's advisory board. „We are convinced that, owing to its restructuring and the established development, sales and distribution resources, WEENERhas created the necessary conditions for continuing its growth and to keep expanding its already strong market position", explains Ludwig.
The WEENER Plastic Packaging Group
The 1,400 employees of WEENER Plastic Packaging Group of Weener (Lower Saxony), founded in 1960, develop and manufacture innovative plastic packaging for the personal care & cosmetics, food & beverage, home care, and the pharmaceutical sectors. The company boasts 25 manufacturing plants in 15 countries and has representations in Europe, North America and in the dynamically growing countries of Asia, South and Central America.
About Lindsay Goldberg Vogel
Lindsay Goldberg LLC, with about $10 billion of own funds, is represented in Central Europe by Lindsay Goldberg Vogel GmbH of Düsseldorf. The Lindsay Goldberg Vogel partners are Prof. Dr. Dieter Vogel, former CEO of Thyssen AG, and Dr. Thomas Ludwig, former CEO of Klöckner & Co SE. The company supports fast-growing small- and medium-sized companies with its professional advice and significant financial resources, particularly in the implementation of potentials. Depending on the individual situation of the owners, Lindsay Goldberg provides its own capital for financing growth or for the benefit of outgoing stockholders. Majority or minority holdings can be assumed in this. The team has a long experience in the top management of industrial and service companies and concentrates on value-oriented and sustainable development of acquired holdings, as documented also by the statutes of the Lindsay Goldberg fund, which allow holding portfolio companies for 20 years. Lindsay Goldberg has invested $4.7 billion of its own resources in the current fund issued in May 2009.
19 Jun 2013