NEWS
Combining strengths
UNITED CAPS purchases Dewit Plastics’ Toyota completes acquisition of caps, closures and handles business CAPS, an international producer of innovative caps and closure solutions and a global Vanderlande UNITED industry reference for the design and production of high performance plastic caps and closures, has acquired from Dewit Plastics its caps, closures and handles business. This includes screw, tamper-evident (TE) and child-resistant (CRC) closures as well as handles for large containers. Dewit Plastics will continue operation of its remaining injection moulding and thermoforming businesses. This acquisition expands the range of offerings UNITED CAPS can provide to customers. “We are pleased to be able to expand our already-broad portfolio to include these new product offerings,” said Benoît Henckes, CEO. “Our clients turn to UNITED CAPS for innovative solutions to their closure needs, including bespoke solutions. By adding this new technology and expertise from Dewit Plastics, we better position ourselves as a single source for clients for their caps, closures, and now handles, requirements.” Visit: www.unitedcaps.com
Indorama Ventures becomes sole owner of Trevira GmbH
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oyota Industries Corporation’s acquisition of Vanderlande – the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – has been completed. Vanderlande is now a part of Toyota Industries Corporation (TICO). The acquisition signifies TICO’s strategic ambition to increase its presence in automated material handling, and it further cements the group’s global leading position for total solutions within the sector. Vanderlande will retain its name and corporate identity, as well as continue its operations as a standalone entity from the same locations worldwide. Toyota Material Handling Europe is the European headquarters of Toyota Material Handling Group, which is part of Toyota Industries Corporation – the global leader in material-handling equipment. It provides businesses of all sizes, in more than 30 European countries, with a full range of counterbalanced forklift trucks, BT warehouse equipment/ services, added-value solutions and innovations. Visit: www.toyota-forklifts.eu
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eading European fibre manufacturer Trevira GmbH has become a wholly owned subsidiary of the Thailand based Indorama Ventures PCL Group (IVL). IVL has consolidated its ownership by acquiring the remaining 25% shareholding of Trevira from its earlier joint venture partner Sinterama SpA. “Trevira with its renowned brand is an integral part of our speciality portfolio strategy,” explains Mr Uday Gill, CEO of IVL’s Fibres Business. “We see further growth potential especially in the hygiene and automotive segments, as well as in the high-end home textiles business.” According to Trevira CEO Klaus Holz: “For Trevira and its customers and suppliers, this consolidation reflects Indorama Ventures’ commitment to investing in the company and ensuring a continued strong and reliable partnership. IVL has supported us from the very beginning in all our activities and has integrated us in its global network. We cooperate in joint projects and benefit significantly from the synergies within the IVL group.” Visit: www.trevira.com
Inwido acquires Bøjsø Døre & Vinduer
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nwido, Europe’s largest supplier of windows, has acquired one of the most exclusive Danish window manufacturers, Bøjsø Døre & Vinduer. Originally a small carpentry company, Bøjsø Døre & Vinduer was founded by Bøje Sørensen in 1972. Today the company employs some 40 people and has a production facility located near Bil-
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lund in Denmark. In 2016 the company had a turnover of DKK 49 million. “We’re very pleased that the acquisition has now fallen into place. In Denmark, Inwido focuses on supplying high quality, Danish made products. Bøjsø complements this position well as a supplier of exclusive products for the renovation market, mainly targeting private consumers. This is a relatively new
market niche for us and is a perfect supplement to our other brands,” says Håkan Jeppsson, president and CEO at Inwido. With this acquisition, Inwido continues to expand its portfolio of Danish window brands, which already includes KPK Døre & Vinduer, OUTLINE Vinduer, FROVIN Vinduer & Døre and Outrup Vinduer & Døre. Visit: www.inwido.dk
