Polyplex buys Vacumet from Scholle

- Acquisition will make Polyplex an all-in supplier
 
- Deal to complete in July
 
India-based thin polyester film supplier Polyplex has acquired the assets of Scholle Corporation’s Vacumet Plastics division.
 
Vacumet Plastics supplies metallized plastic films, and the acquisition significantly expands Polyplex's metallized product range to include all plastic substrates which, along with Polyplex's existing research and development efforts, will result in a broad range of products that the company can offer to its North American customer base.
 

Global strategy

Polyplex's acquisition of Vacumet Plastics is in line with the company's global growth strategy that includes construction of a resin manufacturing plant in Decatur, Alabama, investment in a thick film PET plant in Thailand and a bottle-grade resin plant in Turkey.
 
Likewise, the deal is consistent with Scholle'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 packaging offerings.
 
Vacumet Plastics, located in Austell, Georgia, has an annual production capacity of over 30 million lbs of film and supplies metallized plastic film for consumer products and packaging components for Fortune 100 companies.
 
Polyplex anticipates completing the acquisition in July.

All-in supplier

Amit Kalra, vice president of Polyplex's North American division, said: ‘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.’
 
Kent Kisselle, Vacumet Plastic's director of market segments, said: ‘Adding Vacumet's robust process capability and intimate market understanding to Polyplex's emerging North American footprint creates a powerful value proposition.’
 
Read more on flexible substrates here
Read more on the North American market here