Waddington North America buys Eco-Products

Published: November 27, 2012 6:00 am ET
Updated: January 3, 2013 6:29 am ET

Related to this story

Topics Materials, Suppliers, Sustainability, Packaging, Thermoforming

COVINGTON, KY. (Nov. 27, 5:40 p.m. ET) — Waddington North America Inc., a maker of upscale plastic tableware and packaging, has acquired Eco-Products Inc., a supplier of disposable food service products made from plant-based and recycled materials.

This is WNA’s second acquisition of 2012. In August, WNA purchased the drink cup division of Winpak Portion Packaging Inc.

Private equity firm Olympus Partners of Stamford, Conn., acquired WNA last month.

Eco-Products, based in Boulder, Colo., sells disposable packaging — including cups, bowls, lids, containers and utensils — made from post-consumer recycled cardboard and plastic, bio-based polylactic acid resins and other plant-based materials.

“The most important thing…is that we’re going to remain firm in our mission as a green company. We’re going to continue to only make products from post-consumer recycled or renewable resources,” said Wendell Simonson, director of marketing at Eco-Products.

WNA is on-board with that mission. WNA purchased Eco-Products because the company is a leading brand in the green industry, and retaining that lead requires a commitment to only working with green products and materials, Simonson said by phone.

Eco-Products relies on contract manufacturing to make its products. The acquisition is “a nice opportunity for us to leverage some of the manufacturing capabilities that WNA has to offer,” he said.

The acquisition also comes with opportunities for innovation — WNA’s capacity for innovation could really raise the bar in the green products’ arena, he added.

Eco-Products was founded in 1990 by brothers Kent and Steve Savage. When the deal is finalized, the Savages will leave the company, Simonson said.

Terms of the deal were not disclosed.

Eco-Products has 50 employees at its Boulder headquarters.

WNA, based in Covington, Ky., makes and designs a variety of premium rigid plastic disposable products like tableware, drinkware and cutlery for food service and retail packaging markets.


Comments

Waddington North America buys Eco-Products

Published: November 27, 2012 6:00 am ET
Updated: January 3, 2013 6:29 am ET

Post Your Comments


Back to story


More stories

Image

Australian firm buys Chemical Market Resources

September 23, 2014 8:42 pm ET

In an international consulting deal, Chemical Market Resources Inc. has been acquired by TZ Minerals International Pty. Ltd. for an undisclosed price.    More

Image

Ewikon, Gammaflux form private-label partnership

September 23, 2014 2:47 pm ET

German hot runner manufacturer Ewikon GmbH is forming a private-label partnership with Gammaflux LP, Ewikon announced at a Technology Day held Sept....    More

Image

PolyOne opens new plant in India

September 23, 2014 3:11 pm ET

North American compounding leader PolyOne Corp. has opened a new plant in Pune, India.    More

Image

Study: Consumers, industry EPS recycling rates on the rise

September 23, 2014 2:22 pm ET

Recycling of post-consumer and post-commercial expanded polystyrene hit an all-time high of 34 percent in 2013, according to a new report.    More

Image

Chinese mold makers say they don't worry about reshoring trends

September 23, 2014 12:05 pm ET

Reshoring may be a hot topic in U.S. manufacturing circles, but the mid-level and small players putting in appearances at this year's AsiaMold in Guan...    More

Market Reports

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

Pipe, Profile & Tubing Extrusion in North America 2014

Our special market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Economics editor, Bill Wood, forecasts market growth and industry thought leaders offer competitive insight on key issues and trends impacting PP&T processors.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events