LoVen Special Products and related group companies are sold to Caplugs a portfolio entity of the American family-owned investment company Berwind
Amsterdam – CFI Netherlands is pleased to announce it acted as the exclusive corporate finance advisor to the shareholders of LoVen Special Products and related group companies (collectively “LoVen”), on the sale to the Caplugs, a portfolio company of the American family-owned investment company Berwind.
LoVen is specialised in producing special products, standard caps and protective sleeves out of PVC. The entire process of mould production, production based on the dip moulding process, finishing and pad printing is executed at the production facility in Oss, located in the Southern part of the Netherlands.
Headquartered in Buffalo, NY since 1948, Caplugs has been a global leader in product protection, offering a wide range of solutions, including plastic caps and plugs. With manufacturing and distribution facilities all over the world, Caplugs can effectively serve its customers around the globe. The acquisition of LoVen fits in the strategic roadmap of Caplugs to further increase the company’s foothold in Europe.
Berwind is a fifth-generation, family-owned investment management company. With its roots dating back to 1886, Berwind has evolved from its beginning as a coal mining company, to a diversified portfolio of manufacturing and service companies. The portfolio companies of Berwind employ over 6,000 individuals.
The shareholders of LoVen asked CFI Netherlands to assist them in the initiated discussions and negotiations that ultimately resulted in a successful transaction with Caplugs.
The transaction closed on 3 October 2018.
Paper, Plastics & Packaging
has been sold to
a portfolio company of
Transaction details
LoVen Special Products, a manufacturer of special products, standard caps and protective sleeves out of PVC, has been sold to Caplugs, a supplier of product protection components including plastic caps, plugs, and custom engineered solutions
This transaction was advised by:
Jaap de Jong
Partner, Managing DirectorKevin Driesen
Partner, Managing DirectorKasper Kooij
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