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

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

Pactiv expanding in North Carolina

March 5, 2015 4:18 pm ET

Pactiv LLC is spending more than $24 million on an expansion project in North Carolina that will create 59 new jobs.    More

Image

VisiPak adds to customer mix, product offerings with Tulox acquisition

March 5, 2015 2:19 pm ET

VisiPak has acquired Tulox Plastics Corp., a maker of clear plastic packaging.    More

Image

PET makes it possible to have your beer and be sustainable too

March 5, 2015 10:45 am ET

PET could replace stainless steel beer kegs in a material swap product developers say will be more environmentally friendly and cost effective for...    More

Image

Shepherd named Thermoformer of the Year

March 4, 2015 11:32 am ET

Barry Shepherd, of Shepherd Thermoforming and Packaging Inc., is the newest Thermoformer of the Year.    More

Image

Clear Lam settles Doritos lawsuit

March 3, 2015 4:06 pm ET

Clear Lam Packaging Inc. has settled a months-old lawsuit against Frito-Lay Inc. alleging “breach of contract, false advertising, and misappropr...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events