Polyplex, a manufacturer of thin polyester films, has inked a definitive contract in order to acquire all assets of Vacumet Plastics Division from Scholle, a provider of metallized plastic films. The acquisition may be completed during July, 2012.
Metallized product range of Polyplex can be significantly expanded through this acquisition to include all plastic substrates as well as R&D efforts of Polyplex, thus resulting in an extensive product range to cater to Polyplex’s North American clients.
According to the VP of Polyplex's North American Division, Amit Kalra, Polyplex will become an all-in provider by this asset acquisition and will serve customers’ packaging demands by offering a wide range of product portfolio and increased value with vertical and horizontal integration. This acquisition complements the company’s growth plans across the globe that include a resin manufacturing facility construction in Alabama, investment in a Thailand-based thick film PET facility and a bottle-grade resin unit based in Turkey.
Georgia-based Vacumet Plastics has the potential to produce more than 30 Mlbs of film per annum and provides packaging parts for Fortune 100 firms and metallized plastic film for use in consumer products.
Through the sale of Vacumet Plastics Division, Scholle has planned to concentrate on expanding its core performance packaging solutions business, which includes aseptic processing, bag-in-box packaging, dispensing solutions, flexibles, filling technology and other developing packaging solutions.