US-based company TriMas has acquired Italian dispenser, closure and container manufacturer Taplast as part of its commitment to accelerate and invest in the growth of its packaging platform.
Taplast was bought from its ‘principal owner’ Paolo Santagiuliana, son of the founder Evans Santagiuliana, and co-owner Alkemia Capital Partners.
Financial terms of the transaction were not disclosed by the parties.
Founded 45 years ago, Taplast offers products to personal care, household, and food and drink packaging end markets. It predominantly serves customers in Europe and the Americas through its manufacturing facilities in Povolaro, Italy, and Levice, Slovakia.
The firm also has commercial locations in the UK, the US and France, as well as additional commercial representatives in Asia and South America.
The acquisition of Taplast comes after TriMas’ acquisition of Italy-based polymeric caps and closures manufacturing firm Plastic Srl last January.
Plastic now operates a wholly owned division of TriMas’ packaging business Rieke.
TriMas president and CEO Thomas Amato said: “Taplast has a strong brand name and comes with a wide range of complementary packaging end-market products, including dispensers, foamers, single and multi-body caps, child-resistant caps, jars, and speciality coffee dispensing pods.
“The acquisition of Taplast and the recently announced acquisition of Plastic are examples of our commitment to invest in and accelerate the growth of our packaging platform.”
Taplast offers full manufacturing and tooling capabilities such as injection moulding for dispensers and closures, in addition to injection blow moulding for containers.
Reported 2018 revenues of $32m, the company will operate as a wholly owned division of Rieke.
Amato added: “We look forward to continuing to leverage the innovation focus by the Taplast technical team to accelerate opportunities for global growth for our packaging business.”