3i invests €250m in WPPG's SBO from Lindsay Goldberg Vogel

Under its new owners, the business will continue with the acquisitive international expansion strategy undertaken during Lindsay Goldberg Vogel's tenure. It will specifically look to expand into emerging markets.

Following completion of the deal, WPPG will appoint former Rexam CEO Leslie Van de Walle as chairperson.

Most recently, WPPG expanded its facilities in Ede, the Netherlands, having acquired the site via its bolt-on of Plasticum Netherlands in June 2013. The business also acquired Mumbai-based Weener Empire Plastics, in which it previously held a minority stake, in December 2013.

Previous funding
Lindsay Goldberg Vogel acquired WPPG from Livingstone Partners in 2012 for an undisclosed sum.

Company
Headquartered in Weener and founded in 1960, WPPG produces plastic packaging for the personal care, food and beverage, home care, chemical and pharmaceutical segments. Its clients include Colgate-Palmolive, L’Oréal, Nestlé and Unilever. 

WPPG generated a turnover of €270m in 2014, representing a compound annual growth rate of 8% since 2010. The business has 24 production facilities in 15 countries and employs around 2,000 people.

People
Ulf von Haacke is managing director of 3i and head of industrials at 3i Private Equity. Dieter Vogel is chairperson and founder of Lindsday Goldberg Vogel. Roel Zeevat is CEO of WPPG.

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