2022-07-11

Teamstyle Europe AB acquires Keeplastics AB

Weibull M&A was the seller’s advisor when Teamstyle Europe AB acquired Keeplastics AB on the first of July 2022.

Keeplastics is a niche and market-leading product company that manufactures piping bags and other complementary products made from polymer materials. Keeplastics was founded in 1998 and most sales are on export. The company, which has a turnover of approximately SEK 60 million, is based in Sweden, Norrköping and has 20 employees.

Keeplastics customer consist of well-established distributors, agents and resellers in primarily commercial kitchens and bakeries around the world. The end customer is mostly professional restaurants and bakeries, but the product is also sold successfully to private individuals via the retail trade.