The move looks to make the two companies into a single dominant presence in the European packaging scene, they say.
Collcap founder John McDermott, who now becomes a Quadpack Industries board member, said: “Both Collcap and Quadpack are healthy, thriving companies which, together, boast increased market share, resources and purchasing power and, by consequence, competitive edge.
“Add to that our strengths in market knowledge, product development, creativity and technical expertise, and you have a winning formula.”
Preparing for initial public offering
The merger follows other expansion moves by Quadpack in recent months. Earlier this year, the company acquired injection-moulding company Rinaplast, now known as Quadpack Plastics.
Quadpack has seen an average year-on-year growth of 22% over the past six years, its turnover rising from €2.7m in 2003 – the year it was founded – to €61m in 2015, via both organic and inorganic growth.
Quadpack’s overall growth strategy is devised to prepare the group for an initial public offering, planned within the next two years, the company says.
Details of the deal
The current merger with Collap means Quadpack will have a centre of operations in the UK, based at Collap’s current office in Staffordshire.
Through the deal, Collap offers its expertise in glass and plastic tubes, along with its already established sourcing operation in Asia. Quadpack brings its global clout, with a worldwide infrastructure in sales, marketing, sourcing and logistics, along with its European manufacturing division.
Quadpack Industries CEO Tim Eaves sees the merger as a natural progression for both Quadpack and Collap: “Our values, our mentality, our structure, our processes – they all coincide. We each enjoy a loyal client base. We have a shared vision for the future. We’re a hand in glove fit."