Petainer UK Holdings Limited is pleased to announce the conditional acquisition of Rostiprimpac AB and Rostiprimpac Verpackungen GmbH, PET containers business based in Norrkoping Sweden and Leinefelde in Germany, from A.P. Moller Maersk, subject to Norwegian regulatory approval.
Petainer UK Holdings Limited has plants in Lidkoping Sweden and AS in the Czech Republic and is owned by a combination of the senior management and growth capital investors Next Wave Partners LLP, WHEB Venture Partners LLP and KBC Private Equity.
Commenting on the transaction the Group Chief Executive, Nigel Pritchard, said: “This is a very exciting opportunity to build on the undoubted strengths of the Petainer businesses for operational excellence, service and quality. Our future growth strategy is based on investing in innovation and new product and service development and in providing the continuous improvement and excellence that our customers have come to expect.
“This proposed combination will build on each other’s strengths and reinforce our strategic focus on innovation and new product and service development and will enable diversification into new market segments.”
Stephen Walls, partner of Next Wave and Chairman of Petainer, said: “This move represents a further exciting step in the Board’s ambitions to create a strong value added PET group with a significant emphasis on innovation, quality and high customer support levels. We look forward to welcoming the Rostiprimpac customers, suppliers and employees to the group.”