Stirling Square Capital Partners ("Stirling Square"), the leading European private equity company specialising in small and midsize enterprises, is acquiring a majority holding in the Cartonplast Group ("Cartonplast"), Europe's market leader in the field of reusable plastic layer-pads for food and beverage containers, from Sinergia con Imprenditori, an Italian private equity fund managed by Synergo SGR.
The midsize company's internationally successful business model is based on a unique "Pool System" – a self-contained cycle encompassing the procurement, rental, cleaning and, if necessary, recycling of plastic layer-pads.
Stirling Square Capital Partners is more than just a financial investor
As Joachim Kreuzburg, CEO of the Cartonplast Group since 2010, stresses: "In addition to fresh capital for our expansion, Stirling Square offers important beverage industry contacts in South America and Asia and is also wholly familiar with our business model." He adds: "I am delighted that this transaction has been given the approval and full support of the complete management teams." Cartonplast is planning not only the ongoing internationalisation of its business operations but also the diversification of its range to embrace new areas of business and new products. This will include the use of plastic layer-pads for the transportation of beverage cans and also the replacement of wooden pallets for the transportation of all types of beverages and foodstuffs.
Investor sees great potential
Gregorio Napoleone, partner and co-founder of Stirling Square Capital Partners, sums up his company's involvement in the following terms: "Besides Cartonplast's sound business results, the company's enormous potential is the reason for our long-term investment and our confidence that with Joachim Kreuzburg and his management team Cartonplast will continue to be a successful, reliable business partner and attractive employer for years to come." Napoleone continues: "This potential is centred on having the right ideas and the right products in order to meet the continually growing need for cost efficiency in the logistics sector and in order to take account of the increasing importance of hygienic issues where food and beverages are concerned."
