FAERCH PLAST
Danish Rigid plastic packaging producer acquired by EQT private equity fund
 The takeover deal still has to meet the necessary regulatory approval (Photo: Faerch Plast) |
Danish plastic tray and container manufacturer Faerch Plast (Holstebro; www.faerchplast.com) has a new owner. The company’s board of directors announced that it had entered into a takeover agreement with private equity fund EQT (Stockholm / Sweden; www.eqt.se). The two parties agreed to keep mum about the transaction value, merely saying the deal still has to meet the necessary regulatory approval.
Niels Kornerup, the chairman of Faerch Plast’s board of directors, described the takeover as “a new beginning with a wide range of opportunities for developing Faerch Plast on the international market.” Faerch Plast is a leading provider of rigid plastic packaging for ready meals and protein food trays in the UK, Scandinavia and the Benelux countries. Its 500 employees are spread across Denmark, the UK and the Czech Republic. The company is expected to post revenues of DKK 1.1 bn (EUR 147m) in 2013, with an EBITDA of DKK 236m (EUR 31.6m).
Niels Kornerup, the chairman of Faerch Plast’s board of directors, described the takeover as “a new beginning with a wide range of opportunities for developing Faerch Plast on the international market.” Faerch Plast is a leading provider of rigid plastic packaging for ready meals and protein food trays in the UK, Scandinavia and the Benelux countries. Its 500 employees are spread across Denmark, the UK and the Czech Republic. The company is expected to post revenues of DKK 1.1 bn (EUR 147m) in 2013, with an EBITDA of DKK 236m (EUR 31.6m).
20.02.2014 Plasteurope.com [227617-0]
Published on 20.02.2014
German version of this article...