Carlyle apparently intents to sell shares / Plans for international expansion of packaging manufacturer
Rigid packaging manufacturer Logoplaste (Cascais / Portugal; www.logoplaste.com) has now initiated further steps for its next international growth phase. CEO Gerardo Chiaia commissioned consulting firm Bain & Company to conduct a strategic assessment with a view to a possible restructuring of the company. Barclays Bank and Goldman Sachs are acting as financial advisors, tasked among other things with identifying potential new shareholders to co-finance the expansion.

The Carlyle Group (Washington, D.C. / USA; www.carlyle.com) currently holds 60% of Logoplaste, with the remaining shares held by Filipe de Botton and Alexandre Relvas (see Plasteurope.com of 25.08.2016). Apparently, Carlyle wants to part with its stock. According to a comment in response to a Plasteurope.com enquiry, various options are being considered, including a possible sale, but no decision has yet been made. Market observers such as Bloomberg speak of possible proceeds of USD 1.2 bn (EUR 1 bn); the purchase price is said to have been EUR 660m four years ago.

The Portuguese company has massively expanded its business in recent years. Among other things, revenues in North America have tripled since 2015, and in Europe Logoplaste acquired a majority stake in Polish company Masterchem (see Plasteurope.com of 28.11.2019). Chiaia is planning further acquisitions, especially in the US, but also in Europe. Asia and Australia, on the other hand, seem to be less of a priority. The company continues to focus on the production of packaging directly in the factories of customers and bottlers – currently this applies to around three quarters of the total of roughly 70 plants.
25.08.2020 Plasteurope.com [245774-0]
Published on 25.08.2020
Logoplaste: Carlyle plant offenbar Verkauf des VerpackungsherstellersGerman version of this article...

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