Charter Films, NEX Performance merging

Published: December 21, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Film & Sheet

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

Published: December 21, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

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