PE-Backed Premier Tech Buys Portuguese Manufacturer

Premier Tech Ltd., which makes solutions for the processing and packaging materials, has bought the assets of Portugal’s Mouldman – Gestão de Moldes SA, a manufacturer of rotomoulded plastic parts. The financial terms of the deal were not disclosed. Rivière-du-Loup, Québec-based Premier Tech has recently received backing from private equity firm Fonds de solidarité des travailleurs du Québec (FTQ).

PRESS RELEASE

Premier Tech announces an acquisition in Portugal

Monday, January 21, 2013

Premier Tech is pleased to announce it has acquired the assets of MOULDMAN – Gestão de Moldes S.A., a company specialized in the manufacturing of rotomoulded plastic parts, whose head office is located in Montijo, Portugal.

Through this transaction, Premier Tech strengthens the commercial position of its Environmental Technologies Group on the European market, while increasing its overall manufacturing capacity in the field of rotomoulded plastic parts and components. MOULDMAN will now be known as Premier Tech Iberoto and will have the mandate to deploy its brands and products in conjunction with those of Premier Tech on the European market.

“The integration of MOULDMAN is fully consistent with Premier Tech’s strategic vision since this new territory will allow us to increase our global presence in Europe,” explained Jean Bélanger, President and Chief Operating Officer of Premier Tech.

Photo courtesy of Shutterstock.