The agreed value for Plastwag is in the low double-digit million CHF range, the company says.

Plastwag is a medium-sized Polish company which manufactures fiber-reinforced and thermoformed plastic components for the mass transportation sector. The company is located in Mielec, one of Poland's largest special economic zones. It generated sales equivalent to around CHF 10 million in 2014. 

Ideally positioned

‘In acquiring Plastwag, 3A Composites is significantly strengthening its activities in the area of functionally integrated lightweight systems for energy-efficient buses and rolling stock,’ Schweiter said in a press release. ‘Centrally situated between Western and Eastern Europe, Plastwag is ideally positioned to serve the major plants of existing and new customers in Poland and neighboring 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 plant's modern infrastructure and attractive location will increase the 3A Composites division's competitive leverage in the transportation business over the long term.’