# U Plastics acquires majority stake in Cuthings

U Plastics, part of the INITIUM Group, acquired a majority stake in Cuthings, a Hasselt-based company specializing in cutting, milling, and folding various materials.

- Type: Acquisition
- Announced: 2025-01-03
- Where: Hasselt, Belgium, Belgium
- Status: completed
- Products: cutting, milling, and folding services for plastics and other materials
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Initium](https://endata.com/companies/14269.md) (partner)
- [U Plastics](https://endata.com/companies/82106.md) (acquirer)
- [Cuthings](https://endata.com/companies/82107.md) (target)

## Sources

- [initium.be](https://initium.be/en/u-plastics-versterkt-positie-in-kunststofindustrie-met-overname-van-cuthings/), 2025-01-03: "This cooperation will increase our production capacity and serve customers even better."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.