Plastic caps & closures supplier United Caps has acquired the plastic closures division of Dutch company Closures4you, it was announced 17 Oct.
The Wiltz, Luxembourg-based company said the takeover offer, which included 28 mm caps for re-usable glass bottles and for disposable PET bottles, was part of its “comprehensive growth strategy”.
In June 2017, the company announced the takeover of cap and closure manufacturer Dewit Plastics.
Explaining the rationale behind the acquisition, United Caps said the move was made to ensure future market supply from its plant in Schwerin, Germany.
The takeover, the company added, will make capacity available for a new closure design to replace some previous closures.
During the integration and transition period, Closures4you will make its closure capacities available through the end of March 2018.
"With this strategic step, United Caps is driving forward the modernisation of its product portfolio," explained Benoît Henckes, CEO of United Caps.