Logoplaste (Cascais / Portugal; www.logoplaste.com) has entered into a partnership agreement with investor The Carlyle Group (Washington, D.C. / USA; www.carlyle.com), under the terms of which the latter will acquire a 60% stake in the rigid plastic packaging producer. Financial details of the deal, which is expected to close in Q3 this year pending regulatory approvals, were not disclosed. However, the Reuters news agency reports that Carlyle's offer valued the entire company at about EUR 660m. The funds will be made available through Carlyle Europe Partners, an upper mid-market European buyout fund.

The financial injection will strengthen Logoplaste’s investment capacity, and support its global growth plans, the Portuguese family-owned company’s management said. Active in 16 countries and four continents, Logoplaste’s approximately 2,000 employees posted sales of EUR 468m in 2015. In February this year, the company announced that it is investing USD 35m in its plant in Kansas City, Missouri / USA to meet rising demand (see Plasteurope.com of 16.02.2016). Speaking to Reuters, Logoplaste co-CEO Filipe de Botton said the company plans to invest about EUR 300m over the course of the next few years, most of it in the United States. The funds provided by Carlyle will help it meet that goal.