BGF invested £5m of growth capital in Plastique, a manufacturer of thermoformed plastic and pulp packaging, in July 2014. The funding was used by the company to increase packaging capability and expand its manufacturing facility in Poland.
Plastique became the first European manufacturer of smooth-surfaced thermoformed pulp packaging. After a period of sustained growth, in February 2016, Plastique was acquired by TEQ, an Illinois-based thermoformed packaging company and subsidiary of NYSE listed ESCO Technologies Inc.
- Tunbridge Wells
- Jul 2014 - Feb 2016
Total BGF investment
- £5 million
Business funding insights
BGF explains: initial public offerings (IPOs)
We explain what’s meant by an initial public offering (IPO), also known as listing or ‘going public’.
When to pursue debt refinancing and why
You may find that refinancing or renegotiating your business debts can put you in a stronger financial position. Look at…