Polimoon adds to European packaging/automotive powerhouse

Packaging and automotive component supplier Polimoon (Oslo, Norway) has acquired fellow European plastics and automotive component supplier Plastohm (Villefranche-Sur-Saône, France), in a deal that closes on Sept. 6 and values Plastohm at €8/share. Plastohm, which makes health, beauty, and pharmaceutical packaging, as well as automotive systems and components, has manufacturing and sales offices in France, Germany, England, Italy, Tunisia, Spain, Switzerland, and Slovakia. Sales exceeded €105 million, and the company employs approximately 1000. From 1998 to 2004, sales increased from €72.7 million to €103.6 million, with business split 50/50 between packaging and technical parts. The company has 250 thermoset and thermoplastic injection molding machines, as well as 60 injection and extrusion blowmolding lines.

Polimoon, which has 29 facilities in 13 European countries staffed by 3125 employees, reports that combined annual sales for the two firms will be in excess of €500 million. Other recent acquisitions for Polimoon include Rosti AS''s packaging business in January of this year, Rim Tech in Czech Republic in December 2005, and Polish packaging firm PPH Lima-Pol in November 2005.