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

Simple lightweighting in packaging, caps not so simple anymore

October 22, 2014 4:16 pm ET

The days of finding simple ways to remove additional weight — and costs — from plastic bottles are over, according to one expert.    More

Image

Unilever uses foaming in new bottle

October 22, 2014 1:35 pm ET

Foaming is a good alternative to thin-walling for reducing plastic use in consumer goods packaging, according to a Unilever plastics expert.    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

PolyOne denies report it's bidding for Klöckner Pentaplast

October 16, 2014 11:44 am ET

UPDATED — Compounding leader PolyOne Corp. is denying a report that it bid as much as $2 billion for film and sheet major Klöckner Pentaplast...    More

Image

New Amcor, Method project taking sustainability to a platinum level

October 16, 2014 11:28 am ET

Amcor Rigid Plastics will have a bottle production operation within a factory which is aiming to be the world's first LEED platinum certified manufact...    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar 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

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

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

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

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

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

More Events