Westfall Technik acquires CPP Global, a multi-site consumer packaging moulder; Expands in North Carolina and China
LAS VEGAS – (COMMERCIAL THREAD) – Westfall Technik, Inc. (“Westfall”, the “Company”), a global holding company that provides premium manufacturing solutions for the production of plastic parts in the medical, packaging and retail industries. consumer goods, today announced the acquisition of Carolina Precision Plastics, LLC (d / b / a “CPP Global” or “CPP”) and its wholly owned subsidiaries.
The agreement significantly strengthens Westfall’s geographic footprint by adding its first factories in the Southeastern United States, particularly in Mocksville and Asheboro, North Carolina, as well as Kaiping, China, in the province. from Guangdong. “This provides an additional supply chain advantage for Westfall when it comes to serving key customers in the packaging and healthcare industries,” said Merritt Williams, chief commercial officer of the company. “CPP’s factories in North Carolina are ideally located to serve the multitude of brand owners with a manufacturing presence in the surrounding area. ”
CPP, which operates approximately 100 injection molding machines at its three facilities, also brings expertise in vital secondary services, such as fully automated high-volume assembly and sophisticated decorating capabilities. In total, CPP’s three factories cover approximately 335,000 square feet of manufacturing space.
“This is just the next step in building a world-class mold and tooling company built on a strong culture and unmistakable customer service,” said Westfall CEO and Founder Brian Jones.
A leader in North America in the injection molding of heavy-wall PET jars, CPP also operates an innovative and collaborative design center and has a strong sustainability profile. The company is a major user of recycled resins and biopolymers in its products.
“This highly strategic and synergistic agreement significantly strengthens our presence in the rapidly evolving consumer goods segment,” said Mark Gomulka, COO of Westfall. “CPP Global is a valued packaging supplier to several leading personal care and beauty companies, such as L’Oréal (serving their L’Oréal Paris and Kiehl’s brands), Estée Lauder and Burt’s Bees, among others. ”
For CPP CEO Brian Tauber, the partnership with Westfall offers a clear path to continue the upward trend that CPP Global is currently experiencing. “I am delighted to combine our strengths with the breadth and depth of Westfall’s capabilities to enhance our ability to provide our employees, customers and other stakeholders with more opportunities to grow together,” said Tauber.
Terms of the investment were not disclosed. Westfall was represented by Morrison Cohen LLP as legal counsel. CPP Global was represented by Sheppard, Mullin, Richter & Hampton LLP as legal advisor and Stifel as financial advisor.
About Carolina Precision Plastics, LLC
Carolina Precision Plastics is a global plastic injection moulder in the beauty care, cosmetics, beverage and consumer goods markets, providing customers with molding, assembly and decorating capabilities based on a lean culture. at the forefront of the industry. Its global manufacturing presence and commitment to a more sustainable packaging future provide customers with the most efficient and environmentally friendly options for their packaging needs. At the heart of its Lean North Stars, CPP’s journey aims to offer value to its clients and ensure a safe and satisfying work environment for its entire team. To learn more, visit www.cppglobal.com.
About Westfall Technik, Inc.
Westfall Technik is a global holding company providing highly productive plastics manufacturing solutions to the medicine, consumer packaging and consumer goods industries. Since its founding in Las Vegas in October 2017, the company has acquired or launched at least 19 businesses in North America. Westfall Technik’s competitive advantages include modern automated systems, correlative molding processes and efficient Industry 4.0 concepts. Brand owners can expect high quality products at great value for money, quick response for reduced time to market, 100% inspection and traceability from pellets to the pallet, supply chain security compliance and reliability of a trustworthy team. To learn more, visit www.westfall-technik.com.