Spanish private equity firm Nazca Capital has reached an agreement with the Baños family, founder and owner of Caiba, to acquire 75% of the company, which specialises in plastic packaging including PET preforms and food containers.
As reported by financialfood.es, Caiba's objective following this acquisition is to consolidate its growth, as well as work towards the development of new materials, products and formats.
The company is also looking to break into new market segments and increase its exports, which currently represent approximately 15% of its sales.
Caiba has planned a series of investments to increase its current capacity and strengthen its production potential. The company isn't ruling out acquiring10 companies that complement their product range.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.
