Nazca acquires a majority shareholding in Caiba
Nazca Capital has reached an agreement (through Nazca Fund III) with the Baños Family (owner and founder of the company) for the acquisition of a shareholding of around 75% of Caiba, a pioneering company in Spain in the sector of plastic containers, specialised in the design and manufacture of preforms and PET containers, mainly for the food, drinks, personal hygiene and household sectors.
In this new phase, Caiba hopes to consolidate its robust national growth of recent years by committing to continuous growth of its client portfolio, the development and innovation of new materials, products and formats, and the entry into new market segments both nationally and internationally (around 15% of its sales already come from exports). Therefore, it plans to make investments which allow its current capacity to be increased and its production facilities strengthened to achieve the objectives of the growth project. It does not rule out the possibility of growth through the purchase of companies which complement its range of products.
Caiba, notable for its wide range of products, the diversification of its client portfolio, its innovation and development of new products (pioneering in the creation of new formats and the development of coloured containers with one of the largest ranges on the market) and the quality of its service. Currently, Caiba designs, manufactures and commercialises both preforms and containers for the main consumption sectors with a portfolio of over 800 clients including the main companies of the food, drinks, personal hygiene and household sectors.
The company has headquarters in Valencia, around 150 employees and 45,000m2 of production facilities divided between plants in Valencia (opened in 2012 and one of the most modern plants in Europe) and Jaén (a leading region at a global level in the production of olive oil, mostly packaged in PET), from which it produces and distributes to both the national and export markets. Additionally, Caiba is the leading company in the development of integrations (where the blowing process is carried out at the client facilities), with a total of 15 facilities. Caiba is also one of the companies with greatest capacity based in Spain (59 injection, blowing or injection-blowing machines) and in 2015 manufactured over 1,000 million units.
Oquendo, Uría and PWC advised Nazca in the acquisition of Caiba and BDO and Grant Thornton advised the Baños family.