Plastic Ingenuity buys Vitalo de Mexico assets

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

Published: October 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Chicago City Council committee approves plastic bag ban

April 24, 2014 7:11 pm ET

Chicago is poised to become the next major U.S. city to enact a ban on single-use plastic bags after a City Council committee vote on April 24.    More

Bemis Co. reports flat quarterly sales and profit

April 24, 2014 3:22 pm ET

Bemis Co. Inc. feels no pressure to fill its vacant chief financial officer’s position, a slot that has now been vacant for months.    More

Interactive map aids polypropylene recycling efforts

April 24, 2014 1:34 pm ET

Folks interested in recycling polypropylene products now have a new tool at their disposal.    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Aston Martin learned what we've known about complex supply chain

April 23, 2014 1:32 pm ET

The story of the United States' trade deficit with China (over $318 billion in 2013) is one that most of us are familiar with. Cheaper labor costs and...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events