Polyplex, one of the world’s largest producers of thin polyester film, along with Scholle Corporation, announced today that they have signed a definitive agreement for Polyplex to purchase all assets of Scholle’s Vacumet Plastics Division, a leading supplier of metalized plastic films. Polyplex anticipates completing this acquisition in July, 2012.
The acquisition of Vacumet
Plastics significantly expands Polyplex’s metallized product range to include
plastic substrates which, along with Polyplex’s existing research and
development efforts, will result in broad range of products that the company
can offer to its North American customer base.
Amit Kalra, Vice President of
Polyplex’s North American Division, states that “this acquisition will make
Polyplex an all-in supplier serving all the packaging needs of our customers by
providing them with an expanded product portfolio and giving them increased
value through horizontal and vertical integration.”
Polyplex’s acquisition of
Vacumet Plastics is in-line with the company’s global growth strategy that
includes construction of a Polyester film and Resin manufacturing plant in
Decatur, Alabama, investment in a thick Polyester film plant in Thailand and a
Bottle-grade Resin plant in Turkey.
Vacumet Plastics, located in
Austell, Georgia, has an annual production capacity of over 30 million pounds
of film and supplies metallized plastic film for consumer products and
packaging components for Fortune 100 companies.
Kent Kisselle, Vacumet’s Director
of Market Segments, says of the purchase, “adding Vacumet’s robust process
capability and intimate market understanding to Polyplex’ s emerging North
American footprint creates a powerful value proposition.”
The sale of the Vacumet Plastics Division is consistent with
Scholle Corporation’s strategy to focus on growing its core Performance
Packaging Solutions business including: flexibles, bag-in-box packaging,
aseptic processing, filling technology, dispensing solutions and other emergent