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Tosca to Acquire Netherlands-Based Polymer Logistics to Enhance Product Diversification
Tuesday 22 October 2019

22 October 2019 - US-based Tosca, a reusable packaging and supply chain solutions company, has agreed to acquire Netherlands-based Polymer Logistics, specialising in reusable transport packaging and retail merchandising systems, from a consortium of private investors, the company said.
Terms of the transaction were not disclosed.
In conjunction with the transaction, funds advised by Apax Partners, which acquired Tosca in 2017, will commit additional capital to Tosca to fund the acquisition of Polymer. Following the close of the acquisition, Tosca intends to carve out Polymer's Cleanpal reusable pallets business as a separate unit within the company.
The acquisition of Polymer will expand Tosca's geographic reach and increase its product portfolio. This will offer customers a stronger value proposition through increased network density, particularly in the US, and an expanded product offering.
Tosca employs more than 950 people and operates 14 service centres across the US, working with the grocery retailers and suppliers to provide solutions for shipping perishables, reducing shrink and driving supply chain efficiency.
Polymer is in retail ready packaging systems and technologies. The company provides reusable containers and other packaging and related services to grocery end markets, as well as retail, logistics and consumer goods customers.
Its manufacturing operations are based in Israel and the company operates across the US, the UK and Continental Europe.
Tosca is a provider of reusable packaging and supply chain solutions across a diverse range of products including eggs, case-ready meat, poultry, produce, and cheese.
Polymer Logistics is a provider of Retail Returnable Packaging (RRP) solutions to leading retailers and suppliers mainly in the US, Continental Europe and the UK.
It designs and supplies reusable RRP units that function as both transport storage containers/pallets and in-store displays.
Apax Partners is a global private equity advisory firm. London-headquartered Apax Partners and Paris-headquartered Apax Partners have a shared history but are separate, independent private equity firms.
Details
Date Published: 22/10/2019
Target: Polymer Logistics
Country: Netherlands
Sector: Paper/Packaging/Office Supplies
Type: LBO
Financing:
Status: Agreed
Vendor: Consortium of private investors
Buyer: Tosca
Comment:
Terms of the deal were not disclosed

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