Promens' roots can be traced to 1984 when local investors in Dalvik in Northern Iceland founded Sæplast to produce double-walled, insulated plastic tubs for storing fish. Driven by demands from the Icelandic fisheries industry to develop a product that extended the quality lifetime of fish, Sæplast developed its revolutionary double-walled insulated plastic tub.
The new product was an immediate success, and quickly achieved a strong position on the Icelandic market. Exporting was the logical next step.
This proved so successful that Sæplast won the President of Iceland's Export Award in 1993. The same year Sæplast was listed on the Icelandic Stock Exchange.
In 2004, the Icelandic investment company Atorka Group gained majority share and took Sæplast off the Iceland Stock Exchange. The following year Atorka formed the Promens Group, which became the parent company of Sæplast, which name was later changed to Promens Dalvik. Promens then acquired Bonar Plastics in 2005 and Elkhart Plastics, Inc. and Polimoon in 2006
The establishment of Promens and the growth strategy that has since been followed signalled a major change in product diversity and service. Instead of being specialized in rotational moulding (also called rotomoulding), the group is now active in almost all leading plastic production methods, such as Injection moulding, Blow moulding and Thermoforming.
In 2011 two new investors, Horn and The Enterprice Investment Fund, acquired almost all shares in Promens and provided a firm foundation for continued successful growth of the company.
2012
• Five year refinancing secured
• Divestment of French passenger car business
2011
• The Enterprice Investment Fund acquires 40% share in Promens
• The investment company Horn acquires 99% of the shares in Promens
2010
• Acquisition of Marwin Plastic - a Germany company manufacturing plastic canisters
• Promens sells all 6 rotational moulding facilities in the United States
2007
• Acquisition of LLC Zavod Novoplast - a Russian company manufacturing consumer packaging for personal care products
• Acquisition of Decoplast – a French company manufacturing packaging for cosmetic and medical use
• Acquisition of STE Packaging Development – a Spanish company manufacturing packaging for cosmetic and medical use
2006
• Acquisition of Elkhart Plastics Inc., – rotational moulder with operations in North America
• Promens hf established as parent company of Sæplast
• Acquisition of Polimoon - a plastics manufacturer with operations in 17 countries in Europe
2005
• Sæplast China founded
• Promens hf established as parent company of Sæplast
• Acquisition of Bonar Plastics – rotational moulder with operations in Europe and North America
2004
• Atorka gains majority share and takes Sæplast off ICEX
• Tempra acquired – largest Icelandic company in the field of EPS (Expandable Polystyrene Production)
2003
• Acquisition of Plasti-Ned, Holland
2002
• Acquisition of Icebox Plastico, Spain
2001
• Sæplast Asia established in Hong Kong
2000
• Acquisition of Nordic Supplies Container AS, Norway
1999
• Acquisition of Dyno factories in Norway and Canada
1996
• Sæplast India established
1993
• Listed on the Icelandic Stock Exchange (ICEX)
• President of Iceland’s Award for Export Achievement
1984
• Sæplast hf. founded in Dalvik, Iceland