Charter Films, NEX Performance merging

By Jessica Holbrook

Published: December 21, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Packaging Film & Sheet
Companies & Associations

MILTON, WIS. (Dec. 21, 4:15 p.m. ET) — Film extruders NEX Performance Films Inc. and Charter Films Inc. have merged and will now do business as Charter NEX Films.

Charter NEX will be led by members of both companies' management teams. Details of the merger were not disclosed.

According to a news release announcing the merger, NEX and Charter both “serve similar markets; have outstanding industry reputations, complementary areas of specialization and a long history of mutual respect.”

Charter NEX plans to invest in additional extrusion capacity in the near future to serve growing demand.

NEX, based in Milton, makes monolayer, coextruded and barrier films for flexible packaging. The company has plants in Rhinelander, Wis., and Turner Falls, Mass., and reported annual sales of $110 million, according to the most recent Plastics News ranking.

NEX is owned by private equity firm Mason Wells of Milwaukee.

Charter, based in Superior, Wis., specializes in blown film extrusion for a variety of markets including agriculture, automotive, consumer goods, and food and beverage packaging.

Charter NEX will continue producing monolayer, coextruded and barrier films for a variety of high-performance film applications and will continue to operate its plants in Superior, Rhinelander, Milton and Turners Falls.


Comments

Charter Films, NEX Performance merging

By Jessica Holbrook

Published: December 21, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    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