Nazca acquires majority stake in Caiba
Nazca Capital –a Spanish private equity firm focused in the mid-market segment– has reached an agreement with the family Baños (owners and founders of the company) for the acquisition of a stake around 75% in Caiba, a leading Spanish company specialised in the manufacture of PET preforms and containers for the food, household products and personal hygiene sectors.
In this new stage, Caiba aims at consolidating strong local growth with its strategy focused in the continued increase of its client base, the development and innovation of new materials, products and formats and the entrance in new market segments, both at a local level as well as internationally (almost 15% of the sales come from exports). Thus, the company expects to invest in increasing capacity and reinforcing the production facilities to reach the growth plan. Caiba does not exclude the possibility of growing through the acquisition of companies that may complement its product range.
Currently, Caiba designs, manufactures and markets both PET preforms and containers for the main consumer sectors with a portfolio of over 800 clients including the leading companies of the food, household products and personal hygiene sectors.
The company, based in Valencia (Spain), has around 150 employees and 45,000 sqm of production facilities divided into two main manufacturing plants located in Valencia which was inaugurated in 2012 and is claimed to be one of the most modern plants in Europe, and Jaen, the world’s leading olive oil production region, mostly packaged in PET, from where it produces and distributes both for the local and international markets. Additionally, Caiba claims to be the leader in developing in-house plants (where the blow-moulding process is carried out in the client’s facilities), with a total of 15 integrated blow-moulding plants. Caiba is also one of the companies with the largest installed capacity in Spain (with 59 injection and blow-moulding machines) and in 2015 it manufactured more than 1,000 million units.
