Plastic Ingenuity buys Vitalo de Mexico assets

By Jessica Holbrook

Published: October 17, 2012 6:00 am ET

Related to this story

Topics Packaging Thermoforming
Companies & Associations

MONTERREY, MEXICO (Oct. 17, 4:35 p.m. ET) — Plastic Ingenuity de Mexico, an affiliate of Plastic Ingenuity Inc., has purchased the assets of thermoformed packaging producer Vitalo de Mexico.

The acquisition allows Plastic Ingenuity to boost capacity and capabilities, as well as expand operations – the company will now operate two plants in Monterrey, Mexico, along with Vitalo de Mexico’s facilities in Guadalupe, Nuevo León.

It also allows the company to “capitalize on the return of manufacturing business to North America from Asia,” said Tom Kuehn, president of Plastic Ingenuity, in a news release.

Vitalo de Mexico is a branch of Belgium thermoforming giant the Vitalo Group.

Terms of the deal were not disclosed.

Plastic Ingenuity de Mexico was formed in 2006 through a joint venture between Plastic Ingenuity and Converforma of Monterrey. Prior to the acquisition, the company operated eight vacuum forming lines at its Monterrey plant.

Based in Cross Plains, Wis., Plastic Ingenuity makes custom thermoformed packaging for a variety of markets including food, medical, electronics and retail. The company has approximately 500 employees, and operates 11 extrusion lines and 46 thermoforming lines across its four U.S. locations.

Plastic Ingenuity had sales of $80 million in 2012 and was No. 24 in the most recent Plastics News ranking of North American thermoformers.


Comments

Plastic Ingenuity buys Vitalo de Mexico assets

By Jessica Holbrook

Published: October 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Adidas phasing out plastic bag use

April 20, 2015 11:50 am ET

Sporting goods company Adidas AG is phasing out the use of plastic bags in its own retail stores as part of a larger effort raise awareness about...    More

Image

IPL invests in new molding technology at New Brunswick plant

April 20, 2015 3:46 pm ET

IPL Inc. has invested C$2.04 million (US$1.63 million) to produce lighter weight, injection molded containers at its Edmundston, New Brunswick,...    More

Image

Sidel, BMS reach agreement on spindle patent case

April 20, 2015 1:24 pm ET

Sidel Group and Blow Mold Services LLC have reached an agreement in Sidel's patent infringement lawsuit against BMS involving the spindle chain on a...    More

Image

Sonoco sees first quarter sales climb in consumer packaging

April 20, 2015 1:07 pm ET

Sonoco Products Co. saw earnings jump on higher overall sales during the first quarter, including stronger results in the company's consumer...    More

Image

Greif special committee to study 'transformation initiative'

April 20, 2015 12:22 pm ET

Greif Inc., an industrial packaging company that includes plastic containers, is forming a special board committee to help with the company's transfor...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events