Plastwag is a Polish company that manufactures fibre-reinforced and thermoformed plastic components for the mass transportation sector.
Plastwag, which is located in Mielec generated around £7 million in sales for 2014, the company say that the deal which will reach the “low double-digit million CHF range” is expected to be completed by the end of March 2015.
This acquisition will strengthen 3A Composites in the area of functionally integrated lightweight systems for energy-efficient buses and rolling stock. Centrally situated between Western and Eastern Europe, Plastwag is ideally positioned to serve the major plants of existing and new customers in Poland and neighbouring countries. The acquisition will add new production technology offerings to the current product portfolio, marking an important step in the direction of system supplier. The Plastwag plants modern infrastructure and attractive location will increase the 3A Composites divisions competitive leverage in the transportation business over the long term.