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M&A Deal Summary

Weener Plastics Acquires Proenfar SAS

On April 23, 2018, Weener Plastics acquired packaging company Proenfar SAS from ALTRA Investments

Acquisition Highlights
  • This is Weener Plastics’ 2nd transaction in the Packaging sector.
  • This is Weener Plastics’ 1st transaction in Colombia.

M&A Deal Summary
Date 2018-04-23
Target Proenfar SAS
Sector Packaging
Buyer(s) Weener Plastics
Sellers(s) ALTRA Investments
Deal Type Add-on Acquisition

Target

Proenfar SAS

Bogota, Colombia
Proenfar SAS is a high value-added plastic packaging solutions provider servicing premier companies in the pharmaceutical and cosmetics sectors across Latin America. Proenfar SAS headquartered in Colombia and has operations in Argentina and Mexico.

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Buyer(S) 1

Buyer

Weener Plastics

Ede, Netherlands
Category Company
Founded 1960
Sector Packaging
Employees1,200
DESCRIPTION

Weener Plastics creates, designs, and produces plastic packaging products for fast-moving consumer goods, primarily for large consumer brand customers. Weener Plastics was founded in 1960 and is headquartered in Ede, Netherlands.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (Colombia) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-10 Plasticum Group BV

Tilburg, Netherlands

Plasticum Group BV specializes in the manufacture and design of plastic packaging solutions.

Buy -

Seller(S) 1

SELLER

ALTRA Investments

Bogota, Colombia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 547M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ALTRA Investments is a private equity firm focused on investment opportunities in Columbia and Peru. The firm focuses on midcap companies generating sales of $15 to $150 million. ALTRA generally favors industries with significant barriers to entry, increasing foreign investment, and consolidation possibilities. The firm invests in the range of $30 - $60 million per transactions. ALTRA will not invest in early stage situations, mining exploration, and basic manufacturing without sustainable advantages. ALTRA was formed in 2005 and has offices in Lima and Bogota.

DEAL STATS #
Overall 4 of 9
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Colombia) 2 of 4
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Digitex Informática SL

Madrid, Spain

Digitex Informática SL is a provider of Business Process Outsourcing (BPO) across the Spanish-speaking world. Digitex has significant experience in integrated management solutions and business processes, customer care, back office support and IT process consulting.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 CrediQ S.A. de C.V.

San Salvador, El Salvador

CrediQ S.A. de C.V. is a specialized auto financing company in Central America with operations in El Salvador, Honduras, and Costa Rica. CrediQ was established in 1994 by Grupo Q, Central America’s second-largest car distributor, to provide auto financing to its car dealerships, and became fully independent in 2011.

Sell -
Mergr

Product

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