Schoeller Cap Systems is acquired by Procap
Procap, a European company in the plastic caps and closures industry, has acquired Schoeller Cap Systems located in Germany.
Procap already has a sales presence in the country, but the move provides its first local manufacturing facilities. This enables Procap Schwerin, the name of the new enterprise, to ‘better serve local clients and international customers in the region’.
SCS focuses solely on closures for the drinks industry. Expanding its customer base in the beverages industry is a key part of Procap’s overall strategy and this acquisition expands the company’s reach in this sector.
“With no production in Germany, Procap had a very weak position in the market,” said Benoît Henckes, CEO, Procap. “Five years ago, we set out to change this and decided that acquisition of an existing player in what is essentially a very competitive and slow-growing market would be the best option. SCS has a good reputation in the market and is therefore a good match for Procap.”
The three biggest markets for plastics closures in Europe are the UK, France and Germany. Procap has already strengthened its position in the UK with the acquisition of a plant in Ireland, giving it direct access to the British market.
SCS’s 40 staff will join the Procap Group.
