Jet 3, a Czech private equity fund, has acquires a controlling stake in Polish manufacturer Plastiwell International to enhance growth and market expansion in the evolving plastics industry.

Information on the Target

Plastiwell International, headquartered in Myślenice, southern Poland, is a prominent manufacturer of high-quality plastic products catering to various sectors such as automotive, electrical engineering, and sporting goods. The company has a robust market presence, having been operational for over two decades, and reported an annual revenue of approximately €100 million last year, including notable export activities. Plastiwell employs more than 1,000 individuals across three highly automated production lines throughout Poland and boasts dedicated teams focused on automation, robotization, and innovative product design, supported by in-house toolmaking capabilities.

Industry Overview in Poland

The global plastics market is on the verge of significant growth, driven by increasing demand for lightweight and durable materials. According to forecasts by Precedence Research, the plastics market is expected to expand at an average rate of 4.2% from 2024 to 2033, reaching a valuation of $944 billion, up from $625 billion in 2023. Notably, the industrial applications segment of the plastics market is projected to grow at an even faster pace of 5.1% annually, as the inherent advantages of plastic, such as lower weight and cost, continue to supplant traditional metal components.

In recent years, the European market has seen a paradigm shift in its approach to plastic packaging, with an emphasis on redefining its role in various industries. As innovative materials and technologies emerge for production and recycling,