TriMas in Bloomfield Hills has acquired Italy’s Taplast S.p.A., a privately-owned designer and manufacturer of dispensers, closures, and containers. The transaction closed April 29, and Taplast will be a wholly owned division of TriMas’ Rieke business. It will be reported in the packaging segment.
Taplast serves customers predominantly in Europe and the Americas. It was founded 45 years ago by the Santagiuliana family. It has full manufacturing and tooling capabilities including injection molding for dispensers and closures, injection blow molding for containers, and assembly.
“We are excited to welcome Taplast, its principal owner, Paolo Santagiuliana, and its employees to TriMas and our family of businesses,” says Thomas Amato, president and CEO of TriMas. “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 specialty coffee dispensing pods.
“The acquisition of Taplast and the recently announced acquisition of Plastic Srl are examples of our commitment to invest in and accelerate the growth of our packaging platform.”
With manufacturing operations in Italy and Slovakia, commercial locations in the United Kingdom, United States, and France, and commercial representatives in Asia and South America, Taplast predominantly serves global, blue-chip customers in the beauty and personal care, household, and food and coffee packaging end markets. Taplast had revenue of about $32 million in 2018.
Taplast was co-owned by Paolo Santagiuliana, son of founder Evans Santagiuliana, and Alkemia Capital Partners of Milan, Italy. TriMas and Taplast, which was represented by the investment banking firm Alantra, also in Milan, worked exclusively to negotiate the terms of the transaction.
TriMas is a diversified global manufacturer and provider of products for customers in the consumer products, aerospace, industrial, petrochemical, and oil and gas end markets. It has about 4,000 employees in 16 countries.
