Plasto Cargal

Company Overview

Snapshot

Founded in December 1981, Plasto Cargal operates with 11–50 employees, specializing in flexible packaging solutions. The company became public on TASE in January 1994, marking a significant milestone in its corporate journey.

Business overview

Plasto Cargal, also known as Plasto-Sac, is a manufacturer of plastic bags and films designed for food, medical, and industrial applications. The company's core technology focuses on producing a diverse range of packaging solutions, including carrier bags, industrial bags, security bags, courier envelopes, shrink film, breathable films, lamination, pet food bags, stretch films, and high-barrier bags for moisture and oxygen-sensitive goods. Plasto Cargal serves various industries, with a strong presence in the food and beverage and packaging and containers sectors, operating globally within the Industrial Technologies sector.

Strategic signal

In April 2007, Cargal acquired Plasto Sac, valuing the company at NIS 180 million. This acquisition signaled a strategic consolidation within the flexible packaging market, enhancing Cargal's market position and expanding its operational footprint. For investors, this indicated a period of significant corporate restructuring and growth through M&A within the industrial technologies sector.

Company Intelligence Q&A

When did Plasto Cargal become a public company?

Plasto Cargal became public on the TASE in January 1994.

What was a significant corporate event for Plasto Cargal in 2007?

In April 2007, Cargal acquired Plasto Sac for a valuation of NIS 180 million, as reported by Globes. This strategic move consolidated their position in the flexible packaging industry.

What is Plasto Cargal's primary business?

Plasto Cargal produces plastic bags and films, specializing in flexible packaging for food, medical, and industrial products.

What types of products does Plasto Cargal offer?

Plasto Cargal offers a range of packaging solutions including carrier bags, industrial bags, security bags, courier envelopes, shrink film, breathable films, lamination, pet food bags, stretch films, and high-barrier bags.

What sector does Plasto Cargal operate in?

Plasto Cargal operates in the Industrial Technologies sector, with a focus on Material Innovations & Applications and Packaging & Containers.