May 23, 2024
Translink Corporate Finance in the United States and Sweden advised Plastiform, Inc. and its subsidiary Precision Formed Plastics, Inc. on the sale to Nefab Group. Nefab Group, through Nefab Packaging, Inc. USA, has acquired Plastiform, Inc. and its subsidiary Precision Formed Plastics, Inc., a Texas based group specialising in high quality thermoformed cushioning solutions, made from recycled plastics, to further strengthen its global market position and commitment to saving resources in supply chains.
“Through this important acquisition, we further strengthen Nefab’s market position in the Americas and capability to support our customer in key segments such as Datacom and Cloud with thermoformed cushioning trays made from recycled plastics. Our strengthened market presence, in-house production capacity, and extended portfolio of sustainable solutions will enable us to serve our customers even better,” says Per Öhagen, President and CEO of Nefab Group.
In the last couple of years, Nefab has acquired several leading companies in the areas of thermoforming and sustainable packaging solutions. Thermoformed solutions provide the quality, precision and flexibility required in many industry segments when replacing less sustainable packaging materials e.g. foam. Moreover, the thermoformed solutions made from recycled plastics provide the circularity required from a sustainability perspective.
With the addition of Precision Formed Plastics, with modern production facilities in Dallas, Texas, Nefab’s global portfolio and know-how in the production of thermoformed solutions is further strengthened. Precision Formed Plastics specialises in high quality and precise plastic cushioning solutions and has more than 50 years of history supporting leading industry customers with high quality and sustainable packaging products.
“We are honoured and excited to join the Nefab Group and support their purpose and value proposition on a global scale in general and the Americas in particular. Nefab’s market presence, customer-focus, and strong commitment to saving resources aligns well with our values, and we look forward to continuing our growth journey together in the Americas and globally,” says Jeff Jones, Owner and MD of Precision Formed Plastics, Inc.
“With this strategic acquisition we further strengthen our ability to serve American and global customers with high quality packaging solutions that generate both financial and environmental savings. We are happy to welcome the Precision Formed Plastics team to the Nefab Group,” Per Öhagen concludes.
With the acquisition of Precision Formed Plastics, the Nefab Group will comprise over 4,750 employees spread across 38 countries, with a yearly turnover of over 10B SEK.
Contact our Team Members advising in this transaction:
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading national M&A and merchant banking services company with over 35 years of advisory experience dedicated to middle-market transactions.
Anecta Translink, our partner in Sweden, is a M&A advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
Thomas Gerlacher
