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

Simple lightweighting in packaging, caps not so simple anymore

October 22, 2014 4:16 pm ET

The days of finding simple ways to remove additional weight — and costs — from plastic bottles are over, according to one expert.    More

Image

Unilever uses foaming in new bottle

October 22, 2014 1:35 pm ET

Foaming is a good alternative to thin-walling for reducing plastic use in consumer goods packaging, according to a Unilever plastics expert.    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Report: SVP takes Klöckner Pentaplast off the market

October 21, 2014 4:19 pm ET

Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to an Oct. 21 Reuters article.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events