Weener Plastic Packaging Group (WPPG), a company that manufactures packaging solutions for the personal care industry among others, is due to benefit from a multi-million euro injection.
The Germany-based company is to receive approximately €250m (£183m) from 3i Group, an international investment manager. Former shareholder Lindsay Goldberg Vogel has sold its stake in WPPG.
It is hoped the investment will enable WPPG to expand its global footprint and improve the efficiency of its operations. Currently, WPPG operates in 15 countries via a production network that spans 24 locations.
Ulf von Haacke, 3i Managing Director and Head of Industrial, 3i Private Equity, said: "WPPG's focus on innovation and superior technical know-how is a huge competitive advantage. The Company has a leading position in its core markets and we look forward to working with the strong management team to further increase the Company's market share and global footprint through a buy-and-build strategy."
WPPG produces packaging for companies including Beiersdorf, Colgate-Palmolive, L’Oréal, P&G and Unilever.
