Rosti Group completes purchase of majority shareholding in Turkey-based Tebplast injection molders specializing in in-mold label, top-filled rigid packaging; company operates 40 production lines, will be incorporated into packaging division of Rosti Group
November 6, 2013
– The Rosti Group has today completed the purchase of a majority shareholding in Tebplast (Tebplast Plastik San.Tic.A.S.) from the Teber family. Tebplast, based in Istanbul, is a leading Turkish injection molders specializing in the IML (In Mold Label) top filled rigid packaging market for the food and beverage industry. The Teber family remains as shareholders and Erdem and Engin Teber stay in their present positions as Managing Director and Operations Director respectively.
Tebplast, formed in the 1980’s, today operates 40 IML production lines with 110 employees. Tebplast achieved an excellent reputation as highly responsive quality supplier of IML products to the dairy, fresh food and chilled and frozen food markets with 50% growth in sales in the last year alone. Tebplast is one of a handful of companies in Turkey with the BRC food manufacturing accreditation and offers product design, tooling management, manufacturing and logistics services to market leaders in both Turkey and overseas.
Rosti Tebplast will be incorporated into the Packaging division of the Rosti Group, headed by Mr Magnus Emeus, who commented “We are very happy with this acquisition and the synergy opportunities created between our businesses. Combining the Tebplast capabilities with the competence and sales network of the Rosti Group will create great growth opportunities both inside and outside Turkey. I congratulate Erdem and Engin Teber on their excellent strategic and operational development of the company and look forward to our future cooperation. We are delighted to welcome Erdem and Engin to the Rosti Management family."
Mr Erdem Teber added “This is a very important milestone in the history of Tebplast and we are delighted to have Rosti as a majority shareholder. We see clear synergies going forward which allow the company to accelerate its growth even further”
Rosti Group already has a significant proportion of its sales in the packaging market supplying the food and beverage industry with caps and closures. The new Rosti subsidiary, Rosti Tebplast, will give Rosti access to the top filled plastic packaging markets with a leading reputation in IML, with cost effective solutions not only to the Turkish market but also with regular deliveries to Western Europe
Borje Vernet CEO of the Rosti Group added “We are making good progress in implementing our long term strategy, by growing the business both organically and by acquisitions, towards our 2016 target of €600 million sales. We have made 2 good acquisitions in the last year and we are confident that we will be adding further acquisitions in the medium term. We have the knowhow, the finances and the vision to make this happen”
Key facts relating to the combined Rosti Group:
Total Employees 2600
Number of molding machines 550
Operations in 8 countries
11 manufacturing facilities
Turnover 350m Euros