Waddington North America buys Eco-Products

By Jessica Holbrook

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

Related to this story

Topics Packaging Sustainability Materials Thermoforming Suppliers
Companies & Associations

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

By Jessica Holbrook

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

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Reliance finds room to grow in North Carolina

April 9, 2015 3:04 pm ET

Reliance Packaging LLC expects to grow significantly during the next three years, both in production of heavy-duty plastic bags for the lawn and...    More

Image

Silgan to hire 120 for new plant

April 9, 2015 2:57 pm ET

New details are emerging about Silgan Plastics' plans for a new production facility in Hazelwood, Mo., near St. Louis.    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