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C.W. Downer & Co. Advises Weener Plastik GmbH on Acquisition of Weener Empire Plastics Ltd.

BOSTON, January 7, 2014 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that German plastic packaging company Weener Plastik GmbH (Germany), a portfolio company of Lindsay Goldberg, LLC (USA), has acquired the remaining shares of Weener Empire Plastics Ltd. of Mumbai (India). The transaction closed on December 21, 2013.

Founded in 1996, Weener Empire Plastics Ltd. (WEPL) manufacturers plastic closures and containers for the personal care, food and pharmaceutical industries. Its customers include Johnson & Johnson, L’Oreal, Nestle, Ferrero, Ranbaxy, Wipro, Oriflame, Marico and Pidilite, among others. The company is headquartered in Mumbai and operates seven factories spread across four Indian states. Weener Plastik GmbH has owned a minority stake in the company for the past eight years.

“This acquisition is in line with our strategy of enhancing our footprint in the emerging markets,” said Roel Zeevat, CEO of Weener Plastik Packaging Group, in a company statement. “WEPL has performed well in the past years and we target to add to this growth further in the coming years.”

“This transaction demonstrates Weener Plastik’s confidence in the significant potential of the Indian market. We are pleased to both partner with and assist the Weener Plastik management team on the execution of their long term growth strategy,” said Shirish Nimgaonkar, Managing Director and head of C.W. Downer & Co.’s Mumbai office.

“We are pleased that we have been able to complete this rather complex transaction,” added Frank Merkel, Managing Director & Partner from C.W. Downer & Co.’s Frankfurt office. “It marks our first completed acquisition of an Indian target on behalf of a German client since C.W. Downer & Co.’s Mumbai office opened in 2012.”

The C.W. Downer & Co. team assisting Weener Plastik with the acquisition included Mr. Merkel (Managing Director & Partner, Frankfurt), Mr. Nimgaonkar (Managing Director, Mumbai), Jochen Köhler (Vice President, Frankfurt), Varsha Jhawar (Vice President, Mumbai) and Krishu Shirwaikar (Associate, Mumbai).

Khaitan & Co, a leading Indian law firm, provided legal counsel to Weener Plastik GmbH.

 

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 38 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

About Weener Plastik GmbH

Founded in 1960 and headquartered in Weener, Germany, Weener Plastik is a global packaging leader with revenues of over $700M, a total of over 30 manufacturing plants around the globe and more than 2,000 employees that design, develop and manufacture plastic packaging products including sealing caps, valve caps, plastic bottles, jars, dispensers and dosing systems for the personal care, food and beverage, home care, chemical and pharmaceutical segments.

For Further Information:

Frank Merkel, Managing Director & Partner
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Shirish Nimgaonkar, Managing Director
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Patti Allan, Marketing Director
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C.W. Downer & Co.
+1 617 482 6200

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