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Home > News > Packaging

Weener Plastics Packaging Group acquires 100% of Weener Empire Plastics Ltd

Source:Source: CPRJ Editorial Team Date :2014-01-03 Editor :(AL)

The Weener Plastic Packaging Group from Germany has acquired the remaining shares of the Mumbai, India headquartered Weener Empire Plastics Ltd (WEPL) for an undisclosed amount.

The deal, completed on December 21, 2013, includes 7 factories across India. The Weener group had been a minority shareholder of WEPL for the past eight years. The Indian company manufactures plastic closures and containers for the personal care, food and pharmaceutical industry.

"This acquisition is aligned to our strategy of enhancing our footprint in the emerging markets. WEPL has performed well in the past years and we target to add to this growth further in the coming years," Roel Zeevat, CEO of Weener Plastic Packaging Group, said in a statement.

Weener added that WEPL Managing Director A. B. Gupta and Director Abhinav Gupta will keep their current positions and stay in the board of the Indian operations.

The Weener Plastic Packaging Group designs, develops and manufacturers plastic packaging solutions for the personal care, food & beverage and home care industry.

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 Guangdong Yilong Advanced Materials Technology Co Ltd      
 FCS-Group      
 HAITIAN INTERNATIONAL HOLDINGS LIMITED      
 Topolefin Technology (Quzhou) Co., LTD      
 HANGZHOU JUXING NEW MATERIAL TECHNOLOGY CO., LTD      
 RUIAN CITY TIANSHENG PACKING MACHINE CO.,LTD      
 TAIZHOU HAIHUI MOULD CO.,LTD.      
 MOTAN TAICANG CO., LTD.      
 HEBEI XINFA MINERAL CO.,LTD.      
 INTERNATIONAL STANDARD MACHINERY (SHANTOU) CO.,LTD      
 FUJIAN CHALLENGE WOLVES TECH. CO.,LTD      
 Hefei Leaf Biotech Co.,Ltd.      
 HONE AUTOMATION CO.LTD.      
 JIANGYIN SHIXUAN MACHINERY CO., LTD      
 HENAN WONDER PACKAGING CO., LTD.      
 SOJITZ(SHANGHAI)CO.,LTD.      
 QINGDAO AOHAI RUITAI INDUSTRIAL CO.,LTD      
 WUXI TIEMIN PRINTING MACHINERY CO., LTD      
 ZHEJIANG JINYAN PRINTING CO.,LTD      
 UNITECHO TECHNOLOGY CO., LTD      
 Wuxi Jiahong Plastics Technology CO.,Ltd      
 YINGKOU JINTONG NEW MATERIAL TECHNOLOGY CO., LTD      
 EPLASTMER NEW MATERIAL CO.,LTD      
 CATHAY (TAIYUAN) BIOMATERIAL CO., LTD.      
 XIONGLUE PRECISION MOULD CO.,LTD      

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Source:Source: CPRJ Editorial Team Date :2014-01-03 Editor :(AL)

The Weener Plastic Packaging Group from Germany has acquired the remaining shares of the Mumbai, India headquartered Weener Empire Plastics Ltd (WEPL) for an undisclosed amount.

The deal, completed on December 21, 2013, includes 7 factories across India. The Weener group had been a minority shareholder of WEPL for the past eight years. The Indian company manufactures plastic closures and containers for the personal care, food and pharmaceutical industry.

"This acquisition is aligned to our strategy of enhancing our footprint in the emerging markets. WEPL has performed well in the past years and we target to add to this growth further in the coming years," Roel Zeevat, CEO of Weener Plastic Packaging Group, said in a statement.

Weener added that WEPL Managing Director A. B. Gupta and Director Abhinav Gupta will keep their current positions and stay in the board of the Indian operations.

The Weener Plastic Packaging Group designs, develops and manufacturers plastic packaging solutions for the personal care, food & beverage and home care industry.

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Weener Plastics Packaging Group acquires 100% of Weener Empire Plastics Ltd

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