Weener Plastic Packaging Group Acquisition, Valuation, Funding & Investors

Weener Plastic Packaging Group was acquired by Silgan Holdings for $905M in July 2024, a 1.9x multiple on $486M of revenue.

Weener Plastic Packaging Group acquisition price

$905M

Acquired by Silgan Holdings · Jul 2024

Weener Plastic Packaging Group revenue at acquisition

$486M

Last twelve months · Jul 2024

Weener Plastic Packaging Group revenue multiple at acquisition

1.9x

EV/Revenue · Jul 2024

Weener Plastic Packaging Group EBITDA multiple at acquisition

8.7x

EV/EBITDA · Jul 2024

Weener Plastic Packaging Group Overview

About Weener Plastic Packaging Group

Weener Plastic Packaging Group is an Ede-headquartered global supplier employing 4,600 people across 28 factories in 18 countries. Formed through the 2013 Plasticum merger, it produces 10B+ dispensing caps, roll-on balls, jars, and bottles yearly for Unilever, L'Oréal, and food brands, focusing on personal care and home sectors.


Founded

1953

HQ

GermanyWeener

Website

wppg.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

$486M (Jul 2024)

Valuation

$905M (acquired Jul 2024)

Weener Plastic Packaging Group Acquisition

Weener Plastic Packaging Group was acquired by Silgan Holdings for $905M on 24 July 2024.

The acquisition price implies a 1.9x revenue and 8.7x EBITDA multiple on $486M of revenue.

Before the acquisition Weener Plastic Packaging Group had raised $288M across 1 funding round.

Weener Plastics Holdings B.V., headquartered in Ede, Netherlands, produces differentiated dispensing solutions including roll-on ball technology, aerosol actuation, and nasal dispensing products for personal care, food, and healthcare sectors. The company operates 19 facilities primarily in Europe and the Americas, employs approximately 4,000 people, and utilizes proprietary manufacturing technologies with significant clean room capabilities. For the twelve months ended May 31, 2024, Weener reported sales of €450 million and adjusted EBITDA of €96 million. Previously owned by 3i Group, which achieved a 2.2x return on invested capital with proceeds of approximately £283 million plus £45 million already received. Silgan Holdings Inc., a Stamford, Connecticut-based supplier of sustainable rigid packaging solutions such as dispensing and specialty closures, metal containers, and custom containers for consumer goods, completed the acquisition of Weener on October 15, 2024, following the July 24 agreement for an enterprise value of €838 million (approximately $910 million). Silgan funded the deal through term and revolving loan borrowings under its senior secured credit facility, including a €700 million incremental term loan. The strategic rationale expands Silgan's global Dispensing and Specialty Closures franchise, leveraging Weener's innovative products, advanced technologies, efficient operations, and presence in growing personal care and healthcare markets, which align with Silgan's polypropylene and polyethylene procurement focus; end-market breakdown post-acquisition includes 36% personal care and beauty, 23% food, 21% beverage. Silgan anticipates €20 million in operational cost synergies within 18 months from procurement savings, manufacturing efficiencies, and other measures. The deal proves slightly accretive to adjusted earnings per share in 2024 and approximately 10% accretive once fully integrated. Closure occurred in Q4 2024 after regulatory approvals, enhancing Silgan's network of 124 facilities across North/South America, Europe, and Asia.

Weener Plastic Packaging Group acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
24 Jul 2024Strategic M&A$905M1.9x8.7x

Weener Plastic Packaging Group Funding History

Weener Plastic Packaging Group has raised a total of $288M across 1 funding round.

Weener Plastic Packaging Group funding rounds

Weener Plastic Packaging Group funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2015Undisclosed stage3i Group$288MWeener Plastic Packaging Group (WPPG) is a leading manufacturer of innovative plastic packaging systems, including added value caps, closures, roll-on balls, jars, and bottles, serving major FMCG companies and private label manufacturers in personal care, food and beverage, home care, and later healthcare sectors. The company operates a production network of 24 locations across 15 countries with approximately 2,000 employees, supplying customers such as Beiersdorf, Colgate-Palmolive, L’Oréal, Nestlé, P&G, and Unilever. Headquartered in Weener, Germany, WPPG focuses on innovation-led growth in the structurally expanding rigid plastics packaging market. In June 2015, 3i Group invested approximately €250 million (c. £183 million) in WPPG, acquiring the stake from previous owner Lindsay Goldberg Vogel. This proprietary capital investment supported WPPG's international expansion, operational improvements, buy-and-build strategy into adjacent categories and emerging markets, and innovation platform. The deal was advised by Baird and involved 3i teams from Germany, Benelux, Nordics, and UK; Leslie Van de Walle, former Rexam CEO, joined the advisory board as Chairman. At the time of the investment, WPPG reported sales of approximately €270 million in 2014, reflecting a compound annual growth rate (CAGR) of about 8% from 2010 to 2014. Under 3i ownership from 2015 to 2024, WPPG pursued growth through four bolt-on acquisitions, expanded into pharma packaging, strengthened positions in Latin America and Europe, nearly doubled EBITDA, and earned an EcoVadis Platinum sustainability rating. 3i exited its investment in July 2024 by selling to Silgan Holdings Inc. for estimated proceeds of c.£283 million plus £45 million previously received, delivering a 2.2x multiple on invested capital and a 21% uplift on the March 2024 valuation; the enterprise value was €838 million at exit.

Who has invested in Weener Plastic Packaging Group?

1 investor has backed Weener Plastic Packaging Group across its funding rounds, including 3i Group.


Weener Plastic Packaging Group Investors

Investors in Weener Plastic Packaging Group by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Weener Plastic Packaging Group

Weener Plastic Packaging Group has acquired 3 companies to date.

Last acquisition by Weener Plastic Packaging Group was on April 24th 2018. Weener Plastic Packaging Group acquired Proenfar for undisclosed valuation.


Latest Acquisitions by Weener Plastic Packaging Group

Proenfar
ArtPack Ltd
Weener Empire Plastics Pvt. Ltd
Description
Proenfar S.A. is a Lugo-headquartered Spanish manufacturer of plastic packaging for pharmaceutical, healthcare, cosmetics, and nutraceutical industries. The company produces injection-molded bottles, droppers, spray pumps, and child-resistant closures compliant with GMP and ISO standards. Its production facilities serve clients across Europe with customized solutions for liquid and solid dosage forms.
ArtPack Ltd is a Bulgarian manufacturer of plastic bottles and packaging for personal care and household products. Operating from Plovdiv, the company produces PET and HDPE containers in various sizes, serving European brands in cosmetics, detergents, and cleaning supplies with injection molding and blow molding capabilities.
Weener Empire Plastics Pvt. Ltd is a Mumbai-headquartered manufacturer producing 100M+ plastic packaging units annually for personal care and pharmaceuticals. Its range includes HDPE/PP bottles, cream jars, and lotion pumps, serving clients like Himalaya and P&G across India with facilities in Gujarat.
HQ CountryColombiaRussiaIndia
HQ City
Bogotá
Nizhny Novgorod
Mumbai
Deal Date24 Apr 201820 Feb 20182 Jan 2014
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Weener Plastic Packaging Group Competitors

Weener Plastic Packaging Group competitors include listed companies like Time Technoplast, Einhell Germany, O-I Glass and Karat Packaging, and private ones like BOTTLESS and TBM.

Public and private companies comparable to Weener Plastic Packaging Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BOTTLESSFranceParisPrivate--$20M-
Time TechnoplastIndiaIndiaPublicly listed$637M$92M$898M1.3x
Einhell GermanyGermanyGermanyPublicly listed$1.3B$150M$889M0.7x
O-I GlassUnited StatesUnited StatesPublicly listed$6.4B$771M$953M0.9x
Karat PackagingUnited StatesUnited StatesPublicly listed$468M$54M$1B2.0x
TBMJapanTokyoPrivate--$1.2B-

Weener Plastic Packaging Group Public Comps

Weener Plastic Packaging Group is no longer listed, but its public comps include Time Technoplast, Einhell Germany, O-I Glass, Karat Packaging, Elopak, Zignago Vetro, Helen Of Troy, Matthews International, Myers Industries and Saudi Paper Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Time Technoplast$637M$92M1.4x1.3x10.1x9.2x
Einhell Germany$1.3B$150M0.7x0.7x6.1x5.8x
O-I Glass$6.4B$771M0.9x0.9x7.5x5.3x
Karat Packaging$468M$54M2.2x2.0x18.8x13.5x
Elopak$1.4B$197M1.1x1.1x7.8x7.3x
Zignago Vetro$512M$103M1.7x1.3x8.4x6.4x
Helen Of Troy$1.8B($728M)0.8x0.8x(1.9x)7.3x
Matthews International$1.5B$151M0.8x1.2x8.1x7.6x

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Common questions about Weener Plastic Packaging Group

When was Weener Plastic Packaging Group founded?Weener Plastic Packaging Group was founded in 1953.
Where is Weener Plastic Packaging Group headquartered?Weener Plastic Packaging Group is headquartered in Weener, Germany.
Is Weener Plastic Packaging Group publicly listed?No, Weener Plastic Packaging Group was acquired by Silgan Holdings in July 2024.
Who acquired Weener Plastic Packaging Group?Weener Plastic Packaging Group was acquired by Silgan Holdings in July 2024.
How much was Weener Plastic Packaging Group acquired for?Weener Plastic Packaging Group was acquired for $905M in July 2024, a 1.9x revenue multiple.
How much funding has Weener Plastic Packaging Group raised?Weener Plastic Packaging Group has raised $288M across 1 funding round.
What was Weener Plastic Packaging Group's last funding round?Weener Plastic Packaging Group's last funding round was a $288M undisclosed-stage round in June 2015.
Who are Weener Plastic Packaging Group's investors?Weener Plastic Packaging Group's investors include 3i Group.
Which companies are comparable to Weener Plastic Packaging Group?Companies comparable to Weener Plastic Packaging Group include BOTTLESS, Time Technoplast, Einhell Germany, O-I Glass, Karat Packaging and TBM.
How many companies has Weener Plastic Packaging Group acquired?Weener Plastic Packaging Group has acquired 3 companies, including Proenfar, ArtPack Ltd and Weener Empire Plastics Pvt. Ltd.

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