Luxembourg-headquartered closure producer ProCap has acquired the Sofiplast plastics caps and closures business from Spanish industrial group Vemsa.

It is expected that the deal would be finalized till the end of this year, and it is ProCap’s third acquisition in the closure sector in the last 12 months.

The acquisition will include around €4.5 million of sales to ProCap’s business and will reach €90 million this year.

Moreover, Sofiplast manufacture plastic closures for the food and household market sectors at Torello, close to Barcelona. Procap is aiming too shift Sofiplast production to its existing closure facility at LIagostera.

According to the note issued by the company, the move is part of its plans to consolidate its position in the European closure marketplace. Further, the statement said, “By finalizing three acquisitions in less than 12 months, Procap is pursuing an ambitious industrial strategy.”

Sofiplast was found in 1996 and was formerly part of Plastivit, which manufacture plastics and metal security and aerosol closures.

Procap employees 380 people at six production locations in Luxembourg, Belgium, France, Hungary, Ireland and Spain.