“The merger means a larger, expert team developing tightly-focused packaging solutions for skincare, make-up and fragrance, either manufactured in-house or produced by approved manufacturing partners in Asia and Europe,” highlight the two companies in a joint release.
Each company tenders its own strengths to the new operation: Collcap its extensive expertise in glass and plastic tubes and a robust sourcing operation in Asia, Quadpack a global infrastructure in sales, marketing, sourcing and logistics, as well as a European manufacturing division.
The two companies also predict “a smooth transition” for their integration.
Collcap’s office in Leek, Staffordshire, will be the centre of the group’s UK operations, while Quadpack’s Barcelona office in Spain remains as global headquarters. Collcap founder John McDermott becomes a Quadpack Industries board member.
External growth strategy
This fusion is the continuation of the strategy for inorganic growth that Quadpack initiated in 2013 with the acquisition of wood packaging plant Technotraf, the first step in the creation of a new manufacturing division, and completed by that of Krampak, now Quadpack Impressions, the following year
Earlier this year, Quadpack Industries acquired injection-moulding company Rinaplast, now rebranded Quadpack Plastics.
Quadpack has seen an average year-on-year growth of 22% over the past six years, its turnover rising from EUR 2.7m in 2003 – the year it was founded – to EUR 61m in 2015. This upward curve has been achieved through a mix of organic and inorganic growth..
Quadpack’s overall growth strategy is also devised to prepare the group for an initial public offering, planned within the next two years. As a preliminary step, Quadpack Industries listed on the Marché Libre, part of the EuroNext stock exchange, on 21 April 2016.
