ICFG Italy advises on the sale of Plastic Srl to Trimas
Palmer Corporate Finance, ICFG member based in Italy, advised on the sale of Forli based Plastric Srl, to TriMas.
Plastic Srl is a privately-owned manufacturer of polymeric caps and closures for home care product applications, based in Forli, Italy. Following this transaction, Plastic Srl will become a wholly owned division of TriMas’ packaging business, Rieke.
Reike is part of the Multinational TriMas Corporation, manufacturing closures and dispensing systems for the global market. Serving a huge range of markets from food and beverage, pharmaceutical and personal care to paints, solvents, oils and lubricants, Rieke supplies both boutique manufacturers and the world's top brands with drum closures, pump dispensers and custom packaging solutions.
Thomas Amato, President and CEO of TriMas commented:
“We are excited to announce an agreement between TriMas and the Muccioli family to acquire Plastic Srl, which will enhance TriMas’ Packaging group’s single-bodied and assembled closure product offering. Plastic Srl broadens our geographic presence, adds adjacent products and designs to our current product offering, and increases production capability through innovative manufacturing know-how.”
“We appreciated the opportunity to work exclusively on this transaction with the Muccioli family and welcome the broader Plastic Srl team to the TriMas organization. We are pleased to add this business to Rieke, and look forward to further growing Plastic Srl’s product line.”
Palmer Corporate Finance, led by Managing Partner Sandro Scaccini, acted as lead advisors to Plastic Srl on the sale of their business to TriMas.