CEECAT Capital acquires a majority stake in TEDA and LDS packaging
CEECAT Capital acquires a majority stake in TEDA and LDS, the #1 thermoformed food packaging manufacturer in southeastern europe. The partnership represents the next stage in the company's growth as it consolidates its leading regional position.
Company: TEDA MM and LDS PLAST
Industry: Food Packaging
Deal Type: Growth Equity - Majority Buyout
Country: Bulgaria (+65% Exports)
Founded in 1992, Teda-MM (TEDA) has established itself firmly as the largest independent thermoforming company for rigid food packaging in South Eastern Europe. Alongside TEDA’s continuous organic growth the Company acquired their local key competitor LDS Plast (LDS) in 2015, further widening the product portfolio and forming a harmonious food packaging group.
Since 2015, the Company has doubled its revenues and transformed both businesses into top-tier suppliers for sustainable thermoformed food packaging in Bulgaria, South-Eastern Europe and beyond, today achieving more than two thirds of sales from exports. The Company is a leader in innovation with current production based upon a wide range of MAP trays and catering packaging - all produced from fully-recyclable, sustainable mono (r)PET, PP - and continues to develop biodegradable next generation solutions.
CEECAT Fund II focuses on regional champions, supporting the Fund’s themes driven by core convergence, export competitiveness and import substitution in the fast-growing Eastern European markets.
Anthony Stalker, Partner of CEECAT Capital:
"We continue to look for opportunities to partner with best-in-class operators in our region.
TEDA has become the leading player in the sustainable food packaging market, and we are eager to support its growth through further regional consolidation while the packaging industry is going through a significant shift towards more environmentally friendly products. The family has built a truly efficient business focusing on excellence in service & quality, and we are excited to support the next phase of growth by enabling a highly successful shareholder transition."
Teodora Mladenova, CEO of TEDA:
“We could not be more excited to partner with the CEECAT Capital team and look forward to creating a leading regional platform for a wide range of sustainable packaging needs. We are pleased to welcome an experienced investment partner who shares our vision for the expansion of the company into a European leader in sustainable packaging.”