Willkie represented Weener Plastics and 3i on the deal
Weener Plastics (WP) Group acquires Latin American packaging solutions provider Proenfar from Altra Investments. The agreement was signed on 23 April 2018. With this acquisition, plastic packaging supplier WP continues its expansion in emerging markets and strengthens its product portfolio. The parties have agreed not to disclose the purchase price. The transaction is subject to customary closing conditions.
Proenfar and WP complement each other perfectly. While WP has a strong presence in Europe, Proenfar is a leading player in Latin America. Proenfar, headquartered in Bogotá, Colombia, employs more than 1,600 people and has four production plants in Colombia, Argentina and Mexico. The company exports its products to more than 20 countries across the Americas and has long-standing customer relationships with multinational and local companies in the pharmaceutical and personal care markets. With this acquisition, WP not only expands its international presence, it also strengthens and broadens its customer relationships with multinational as well as Latin American companies.
With regard to the product portfolio, Proenfar is an excellent fit with WP’s focus on innovative packaging technologies allowing WP to grow in strategic product categories such as deodorant packaging. Both companies have innovation as a core competence and invest in product and process improvements to offer the best packaging solutions for their customers. The acquisition also enables WP to expand its product portfolio with the addition of pharmaceutical packaging, thus diversifying the company’s customer base.
Willkie advised with a team including Maria-Leticia Ossa Daza (Picture), Mario Schmidt, Robert Jacobson, Jordan Messinger, David Mortlock, Richard Reinhold, Neesha Mallavarapu, Alexander Swartwood, Anna Martini G. Pereira and Marta Ferrari.
Involved fees earner: Maria-Leticia Ossa Daza – Willkie Farr & Gallagher; Mario Schmidt – Willkie Farr & Gallagher; Neesha Mallavarapu – Willkie Farr & Gallagher; Robert Jacobson – Willkie Farr & Gallagher; Richard Reinhold – Willkie Farr & Gallagher; Jordan Messinger – Willkie Farr & Gallagher; David Mortlock – Willkie Farr & Gallagher;
Law Firms: Willkie Farr & Gallagher;