Polimoon acquires Dekoplast, loses CEO

Polimoon has purchased French cosmetics packaging firm Dekoplast out of administration. Dekoplast, which also produces medical packaging, has annual sales exceeding €17 million, but it entered into administration at the end of 2006. Polimoon will consolidate manufacturing from two sites in La Roche sur Foron and Senlis to La Roche only. Last summer, Polimoon purchased France’s Plastohm, a supplier of automotive components, as well as health, beauty, and pharmaceutical packaging (see e-Weekly, July 27, 2006 for initial report). In 2006, it acquired Rosti AS, also picking up Rim Tech and PPH Lima-Pol in 2005.

On June 21, the company announced that president and CEO, Arne Vraalsen, will leave Polimoon effective June 30 after eight years. He will, however, stay on through the end of 2007 to advise on mergers and acquisitions. The release announcing the move stated that with new ownership, in the form of Promens, coming on, the time is right to “pass on the challenge to others.” On the same day, Promens announced organizational changes that would formally integrate Polimoon into its business. Since its acquisition by Promens in December 2006, Polimoon’s 40 European production sites had continued to run as an independent business. Through a series of acquisitions, Promens and its businesses, became the predominant rotational molder in the world.—[email protected]