Dutch businessman Paul Harkema, the driving force behind Moulding Industries, an investor active in the plastics industry, has again announced two strategic acquisitions within the injection moulding industry.
Advised by consultancy Marktlink Mergers & Acquisitions, Moulding Industries (MI) has now purchased the two Dutch injection moulders, CKV Plastics BV, in Sprundel, and Amsterdam-based Metron BV. With the acquisition, the group has a combined turnover of several tens of millions of Euros and has more than 150 employees.
The acquisitions are part of Harkema’s previously launched buy-and-build strategy. In 2016, Harkema purchased his first plastics company, an extrusion blow moulding company specialised in the production of high-quality packaging materials. This was followed in 2018 by the acquisition of Bema, an injection moulding company with locations in Zierikzee, the Netherlands, and in Bosnia.
At that time, Harkema said that MI planned further acquisitions in the industry, with as aim to increase turnover to €50m-70m in the next three to five years.
Following these latest acquisitions, he explained his strategy of bringing together a number of companies in the plastics industry because of the potential for synergy. He added: “This is also a stable market in which many solid companies are operating that are facing a succession problem, something I can offer a good solution for. ”
As a result of the present deal, MI now holds a 100% stake in both companies, which will allow it to leverage the strengths of each and to bolster its position in numerous sectors, including the automotive industry, horticulture, building and construction, lighting, oil and gas, the furniture industry and the packaging industry.
Building on the synergy benefits created, MI will become a one-stop-shop for customers in the plastics market.