Top Private Equity News, Member Posts, Managed Futures Daily Indices and more!

3yrs ago Private Equity privateequitywire Views: 596

Lincolnshire’s Desch Plantpak acquires IPP

Submitted 15/09/2020 - 4:15pm

Desch Plantpak (Desch), a portfolio company of Lincolnshire Management, has acquired Interplast Plastic Products (IPP), a manufacturer of horticulture container products headquartered in Holland. 

The Company manufactures and sells a variety of injection moulded pots & containers and reusable trays to a large client base of distributors and growers in the European nursery and greenhouse segments. This is Desch’s second acquisition of a manufacturer of injection moulded containers after having acquired EPLA.

IPP operates two factories, one in Holland and one in Poland, and is one of Europe’s foremost manufacturers of injection moulded products. The acquisition re-enforces Desch’s position as one of the leading producers of thermoformed and injection moulded products for the horticultural industry while simultaneously expanding its presence in the large and growing category of injection moulded containers (represents roughly two thirds of the EUR780 million European horticulture container market) and granting it greater access to the Eastern European market. In acquiring and integrating IPP, Desch will operate a combined 70-plus injection moulding machines across factories in the UK, The Netherlands and Poland, employing over 300 people and considerably expanding its client list. Combined sales in 2019 would have amounted to EUR80 million (USD94.7 million).

Jan Willem Wieringa, managing director of Desch, says: “We have been looking for a while to expand our injection moulded capacity and IPP is a great fit with a lot of complimentary products and extra capacity”.

Henk Aufderhaar, owner of the IPP who started producing pots in 1979 when he bought machines from what is now Desch's EPLA business, adds: “I just turned 71, so the continuity for my people is most important, and with Desch we have found that. The companies have already been collaborating for many years, so that helped a lot”.

Desch and IPP combined aim to play an important role in the current transition within horticulture. Both companies have predominantly been using recycled materials for decades, and are continuously improving their products. Desch recently launched D-Tectplus and Recover as well as D-Grade Fibre, while for years already D-Grade Bio (PLA based) has been available.

Pieter Kodde, a Managing Director at Lincolnshire, says: “the Company is a strategic addition to the Desch operating platform, and we are very excited about the potential of the combined business. We look forward to working with the management teams of both companies to drive sustained growth in the coming years.” 

Tags Deals & Transactions Acquisitions

Today's Private Equity Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.