NPM Capital (Amsterdam / The Netherlands; www.npm-capital.com) has agreed in principle to acquire Ten Cate Plasticum (Tilburg / The Netherlands; www.tcplasticum.nl) from Royal Ten Cate (Nijverdal / The Netherlands; www.tencate.com) for around book value. It is expected that the transaction will be completed this month. Plasticum produces plastic moulded packaging for consumer products in personal care, food and household products, it employs around 200 people and has annual sales of EUR 36 m.

Royal Ten Cate is pursuing a policy of the divestment of all companies in the technical components sector and Plasticum is the second such sale. The company is continuing to strengthen its strategic base through the acquisition of companies in growth markets for protective fabrics, aerospace composites, armour composites, synthetic grass and geosynthetics.