Logoplaste Group announced that it has signed an agreement to acquire a majority stake in Polish Masterchem. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2020.
Masterchem’s founding family will retain a significant minority stake in the company and will remain actively involved in the management of the business. The transaction will enable Logoplaste to expand its business and support its clients’ needs in new markets by offering flexible operations for a wide range of bottles and closures in Europe.
Founded more than 25 years ago, Masterchem is a leading Polish manufacturer of PET containers for cosmetics, household chemicals, food products, pharmaceuticals and dietary supplements. The company has a widely diversified portfolio of clients across Europe (annual volume exceeds 500 million units sold to over 1,000 customers).