Rigid plastic packaging and in-house moulding specialist Logoplaste is consolidating its business base across Europe with the takeover of the successful Polish PET packaging producer Masterchem.
Masterchem, based in Przylep near Zielona Góra in western Poland, is a leading manufacturer of PET preforms and containers for the cosmetics, food, pharmaceuticals, dietary supplements and household chemicals markets.
Dating back 25 years, the family-founded Polish blow and injection moulder, has developed a diverse portfolio of customers across Europe. It has an annual output of more than 500 million containers and closures sold to over 1,000 clients, according to Logoplaste.
Masterchem’s plant at Przylep is equipped with a range of Japanese Nissei supplied injection blow moulding machines. The firm produces a variety of jars, bottles and container caps.
Under the deal, Logoplaste, of Cascais, Portugal will acquire a majority share in Masterchem while its founding family will keep “a significant minority stake” in the business and remain involved in its management.
The acquisition is still subject to regulatory approvals but is expected to be completed within the first three months of 2020.
“The combination of both companies will allow us to better serve our clients across a diverse range of products, reducing time to market and the risk of new product launches, making us more agile and flexible,” commented Logoplaste’s chief executive officer Gerardo Chiaia.
He emphasised that Masterchem had been able “to deliver tremendous growth year after year” by focusing on its customers and by constantly innovating and growing its product range.
Masterchem CEO Wojciech Wasilewski welcomed the partnership with Logoplaste - “a highly innovative and global packaging company”. “I am convinced that this cooperation will enable us to accelerate growth and gain new customers across multiple international markets,” he said.
Wasilewski added that he was “proud that our coherent and consistently implemented strategy of building a leading regional packaging producer, characterised by high technological and qualitative culture has been recognised”. He forecast substantial mutual benefits through future cooperation within the new partnership.
Logoplaste, a pioneer in developing in-house ‘hole-in-the-wall’ packaging moulding operations at the plants of many international customers, manages 63 plants in 16 countries worldwide.
Units are located in countries including Czech Republic, Russia, Ukraine, Belgium, Italy, France, Spain, Netherlands, the UK, Canada, the US, Mexico and Vietnam. Logoplaste has a total workforce of 2,100.
In 2016, the US-based private equity firm Carlyle Group invested in Logoplaste through its Carlyle Europe Partners fund to support its further growth and international development.