Deutsche Beteiligungs to invest $329m in Cartonplast Group.

Deutsche Beteiligungs, German private equity company, agreed to invest $329m in Cartonplast Group, a company that processes and services reusable plastic layer-pads. “Due to the stable market environment and the company’s strong market position, Cartonplast is an attractive investment opportunity for Deutsche Beteiligungs. The entrepreneurial vision of the management also convinced us. We envisage very good conditions for further profitable growth,” Torsten Grede, DBAG Spokesman of Board of Management.