The US-based Inteplast Group has acquired the German packaging specialist con-pearl from Munich-based investor Blue Cap AG. The acquisition strengthens Inteplast's business in the field of sustainable packaging and integrates con-pearl into the World-Pak Division.
con-pearl is a European pioneer in the development of twin-wall polypropylene sheets. The company was acquired by Blue Cap in 2019 after previously trading under the name Friedola Tech. Today, con-pearl operates sites in Geismar, Leinefelde-Worbis and Greenville in the US state of South Carolina. Around 275 employees work there on products such as foldable reusable containers, pallet boxes and moisture-resistant boards.
Focus on sustainable packaging solutions
Inteplast President John Young emphasised that con-pearl's approach to sustainable packaging development complements the company's own initiatives in the area of the circular economy. Andy Chen, Head of the Sustainable Packaging & Printing Solutions business unit, also emphasised con-pearl's innovative strength.
con-pearl Managing Director Stefan Hoedt explained that the takeover by Inteplast will drive the company's technological development forward. Blue Cap CEO Henning von Kottwitz spoke of a successful transaction for all sides and wished con-pearl further growth under the new owner.
The Inteplast Group already includes sister companies in North America such as Coroplast, Profile, CoolSeal USA, Matra Plast and others. With con-pearl, the Group is expanding its portfolio with an established company for durable packaging solutions.
Just a few weeks ago, Inteplast took over the German company Perga.
Source: Inteplast
