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

Sidel opens training center in Mexico

August 29, 2014 9:00 am ET

Swiss machinery company Sidel Group has opened a new training center in Guadalajara, Mexico, featuring a virtual factory environment, augmented...    More

California Assembly passes plastic bag ban

August 28, 2014 3:07 pm ET

In its second attempt of the week, the California Assembly approved a bill that would ban single-use plastic bags statewide, the first such ban in...    More

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents...    More

Image

DuPont fined for 2010 chemicals release

August 28, 2014 1:37 pm ET

DuPont Co. has been fined almost $1.3 million for the release of several chemicals — including plastics feedstock phosgene — at its plant ...    More

Image

Concours adding equipment as mold making business booms in Mexico

August 28, 2014 2:05 pm ET

Concours Mold Inc. is heading for a 50 percent increase in sales in Mexico this year after a $4 million upgrade of its plant in Huejotzingo, in the st...    More

Market Reports

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

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

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

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events