Amsterdam-based Arcola, a private equity firm, announced that it has acquired a majority stake in Straatweg Group, a Dutch manufacturer of speciality plastic components for the food, healthcare, and sustainable energy industries.
Straatweg Group has a manufacturing site in China and recently opened a new production facility in Breukelen, The Netherlands, to better serve its customers in Asia, Europe, and the US. Some of the group’s brands include Orange Plastics, Qbig Packaging, IBC Store, and Used to create New.
“The global flexible packaging industry, valued at approximately $150B (€141.7B) in 2021, is forecast to generate strong revenue growth over the coming years, primarily driven by a market shift towards more speciality packaging in the food and healthcare product segments. The Straatweg Group’s activities fit squarely within these high-growth areas,” says Benoît Lammens, founder of Arcola.
“Through the smart application of technology, selective acquisitions and by strengthening existing and building new international strategic partnerships, we believe the Straatweg Group is well-positioned to outperform the wider market’s growth trajectory,” adds Lammens.