Our other sites

Pallet makers Cabka and Innova Packaging merge

By Jessica Holbrook, Plastics News
Posted 21 November 2012

Two plastic pallet manufacturers -- Cabka and Innova Packaging System -- have merged under the newly-founded Cabka Group.

Terms of the deal were not disclosed. Until a joint brand is announced, the Cabka and IPS labels will remain intact, according to a news release.

Combined, the two companies will be a broad-based, international provider of plastic pallets, boxes and pallet boxes. Both companies have complementary product portfolios and production sites: Cabka specializes in inexpensive, one-way pallets for exports, while IPS focuses on higher-priced multi-way pallets.

Along with injection moulding operations, Cabka has mixed plastics recycling lines as its plants in Weira, Germany; Valencia, Spain; Toronto, Canada and St Louis, US.

IPS, based in Ypres, Belgium, serves the Benelux countries as well as the UK, Ireland, France and Spain.

The merger will enable both companies to improve their market positions and effectively innovate, according to the release.

"We want to organically grow together by way of a strong range and continuous innovation-based expansion," said Gat Ramon, a Cabka Group director, said in the release.

Cabka Group’s plans include a new production line, complete with recycling plan for mixed plastics, in the vicinity of Ypres, Ramon said.

The combined company will have 390 employees, two thirds of which will come from Cabka and one third from IPS. No changes to the overall employee count are planned, according to the release.


Tell us what you think

*Your Name:
Nickname: Company:
You can use a nickname if you wish to post anonymously.
Your real name and email address are still required.
*Email:
*Comment:


TOOLBOX

ALSO IN THIS SECTION
MOST POPULAR STORIES
Site Index [ + ]

Entire contents copyright 2014 by Crain Communications Inc.
European Plastics News and EuropeanPlasticsNews.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.