Inteplast buys Pitt Plastics

By Frank Antosiewicz
Correspondent

Published: September 14, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet

LIVINGSTON, N.J. (Sept. 14, 1:45 p.m. ET) — Inteplast Group is expanding its commercial can-liner footprint in North America with the purchase of Pitt Plastics Inc. of Pittsburg, Kan.

Pitt will become part of Inteplast’s Integrated Bagging Systems Division. The acquisition includes Pitt’s facilities in Kansas; Morrow, Ga.; and Columbus, Ohio. Financial terms were not disclosed.

“With this acquisition, the combined organizations will be the most complete bag producer in the marketplace. We see this as an investment in people and technology,” Inteplast IBS Division President Joe Chen said in a news release.

Inteplast President John Young said Pitt’s products complement IBS can-liner offerings and geographical locations. IBS currently has can-liner plants in Lolita and Garland, Texas; and Prattville, Ala.

Pitt will continue full operations to serve the North American market, according to Inteplast.

Inteplast does an estimated $1.5 billion in North American film and sheet sales, according to Plastics News estimates. Pitt pegs its 2011 polyethylene can-liner and bag sales at $154 million and its total number of employees at 447.

 “As manufacturing technology continues to evolve, we are excited to have the technological resources and distribution channels of Inteplast working with us,” said Pitt President Jeff Poe.

Inteplast operates 33 plants and 10 warehouse facilities throughout North America. It was founded in 1991 and operates two other divisions besides IBS: AmTopp, which produces biaxially oriented polypropylene films, stretch wrap films and plastic concentrates and compounds; and World-Pak, which makes corrugated plastic sheet, solid and expanded PVC sheet, heavy-duty films and bags, and synthetic wood.

Based in Livingston, N.J., Inteplast operates a major manufacturing complex in Lolita covering 535 acres. The combined capacity of that site exceeds 1 billion pounds of finished goods annually, according to Inteplast.

Young said he hopes to continue the legacy started by Gene Bicknell, his son Marty, and their families in the building of Pitt Plastics. Both companies share “humble roots,” he said.

“We are also excited to have found a partner that shares our commitment to ensuring quality manufacturing jobs for American workers,” Young said.

In August, Inteplast acquired the Minigrip resealable PE bag business of Illinois Tool Works Inc.

Minigrip, based in Kennesaw, Ga., makes bags for consumer and commercial uses, including for the food-service, medical and institutional markets.


Comments

Inteplast buys Pitt Plastics

By Frank Antosiewicz
Correspondent

Published: September 14, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, a...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events