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Israel's Keter Plastics with grand plan for takeovers?
Plans by Israeli consumer goods manufacturer Keter Plastics, Herzliya, to acquire parts of Newell Rubbermaid's (www.rubbermaid.com), Wooster, Ohio / USA, plastic consumer articles business apparently were only the tip of a very large iceberg. In an exclusive interview with the Israeli business newspaper "Globe", Keter CEO Sami Sagol said Keter is negotiating with "more than seven" consumer plastics producers worldwide and wants to acquire all of Rubbermaid, with annual sales of USD 1.2 bn. The deals, if successful, would propel sales to USD 3-4 bn, making the company by far the world's largest manufacturer of plastic consumer goods. In December 2003 Keter became Europe's largest with the acquisition of French bathroom fixtures manufacturer Allibert (www.allibert.fr), Voreppe.
22.07.2004 Plasteurope.com [12697]
Published on 22.07.2004