Procap to extend footprint in Europe; acquires two companies

27-Jan-09
Procap, a European group involved in development, production and marketing of plastic caps and closures have acquired Irish company Mc Farlane Plastics and Luxemburg-based Elocap Lux. Mc Farlane Plastics, previously owned by Mc Farlane Group produces mainly snap caps and spoons for the baby food industry and other plastic caps & closures for the food and chemical industry with a 2008 turn over of EUR 9 mln. Elocap Lux - previously owned by Israel-based Elocap Ltd which is jointly owned 50/50 by Elopak AS (Norway) and Kibbutz Yakum (Israel) - has started the production in Rodange end 2006 and has realised a turn over of EUR 5 mln in 2008. The two above acquisitions indicate that Procap is participating to the necessary restructuration of the European market of plastic caps & closures. Procap produces a large range of Caps & Closures for the Food industry, the Chemical Industry, the Pharmaceutical Industry and the Cosmetic industry. Procap has today 7 production plants: Belgium, France, Hungary, Luxemburg (2), Spain and the new facility in Ireland. Procap has a turnover in 2008 of EUR 90 mln and employs 375 people.
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