Cartonplast primarily rents out reusable and recyclable plastic layer pads for the transportation of glass bottles, cans and other containers to the manufacturers of these containers. Within its customer value chain, Cartonplast has established a closed logistics cycle, comprising not only rental, but also collection, sorting and cleaning of the reusable layer pads. Compared to cardboard layer pads, those made of plastic are more hygienic, safer in transport and – due to their reusability – more cost-efficient.

Thanks to its close customer relationships, Cartonplast has gained a leading position in Europe – in a market with solid growth rates. The company is benefiting from an outsourcing trend as well as from sustainability efforts and the increasing importance of reusability.

In the years to come, Cartonplast will focus on internationalisation in order to continue its path of dynamic growth. Furthermore, the company aims to expand its range of services, e.g. through the additional rental of plastic pallets and top caps.

DBAG Fund VII acquired a stake in Cartonplast in November 2019. Over the last years, Cartonplast has generated a steady increase in deliveries through the cycle (6.0% PLP deliveries CAGR since 2005). Recently, the company benefitted from higher demand across all regions, in particular in Iberia and Germany. The positive margin development was mainly driven by economies of scale and personnel efficiency gains. Current trading indicates further revenues and EBITDA growth for 2019.

Cartonplast’s future growth is mainly driven by the existing business in core markets (Germany, Iberia, Poland, UK) and growth markets (Turkey, Russia) as well as by geographic expansion into new markets by leveraging existing customer relationships. Furthermore, Cartonplast aims to achieve further organic growth by penetrating the market with complementary products such as top frames, top caps and plastic pallets.