Hilex Poly diversifies with Clondalkin flexible packaging acquisition

By Jessica Holbrook

Published: April 2, 2013 12:41 pm ET
Updated: April 2, 2013 1:03 pm ET

Related to this story

Topics Packaging Mergers & Acquisitions Film & Sheet Extrusion Grocery bags
Companies & Associations

HARTSVILLE, S.C. — Plastic bag maker and recycler Hilex Poly Co. LLC has purchased part of the North American Flexible Packaging division of Clondalkin Group Holdings Ltd.

Hilex now owns Fortune Plastics Inc., Accutech Plastics Inc. and Direct Plastics Ltd. The acquisition expands both the company's product line and its recycling technologies, according to an April 2 news release.

Terms of the deal were not disclosed.

Fortune, based in Old Saybrook, Conn., makes flexible packaging including can liners, bags, foodservice and industrial products. The company has four production sites in the U.S. -- Old Saybrook, Lebanon, Tenn., Orlando, Fla., and Glendale, Ariz. – and makes bags from post-industrial and post-consumer resin, and compostable PLA.

Accutech manufactures mono and coextruded polyethylene film products for industrial applications, as well custom barrier films and modified atmosphere bags. The Coldwater, Ohio,-based company also has a plant in Elyria, Ohio.

Direct, a flexible packaging convertor in Orangeville, Ontario, specializes in pre-press graphic design, flexographic printing, laminating, slitting and bag converting.

Hilex, based in Hartsville, S.C., is North America's largest plastic bag manufacturer and makes a variety of bags and films for grocery, retail and food service markets. The company also runs the largest plastic bag-recycling operation in the U.S. at its North Vernon, Ind., plant.

Hilex was no. 19 in Plastics News' most recent ranking of North American film and sheet manufacturers with estimated sales of $470 million in 2011. Prior to this acquisition, Hilex had nine plants and approximately 1,000 employees in North America.

In late 2012, Hilex was acquired by private equity firm Wind Point Partners of Chicago.

Clondalkin, based in Amsterdam, the Netherlands, owns several packaging companies in North American and Europe, and claims annual sales of more than $1.15 billion.


Comments

Hilex Poly diversifies with Clondalkin flexible packaging acquisition

By Jessica Holbrook

Published: April 2, 2013 12:41 pm ET
Updated: April 2, 2013 1:03 pm ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Nampak Flexibles

March 31, 2015 3:31 pm ET

Australian packaging giant Amcor Ltd. has bought South African-based Nampak Holdings Ltd.'s Nampak Flexibles division.    More

Image

Dow Chemical sees potential for PE growth in packaging

March 30, 2015 1:17 pm ET

The packaging market continues to provide growth for the polyethylene business of Dow Chemical Co. — which is a good thing, since the firm will ...    More

Image

Sipospack to build new flexible packaging plant in Hungary

March 30, 2015 9:38 am ET

Hungarian flexible packaging producer Sipospack Kft. is investing nearly 3 million euros ($3.2 million) in an expansion at a new site at Sóskút in...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Kautex showing off an extrusion blow molding machine at NPE

March 25, 2015 6:00 am ET

After 80 years in business, Kautex Maschinenbau GmbH officials know good old-fashioned word of mouth is often the best way to reach more customers.    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

Learn more

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 billion 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

Upcoming Plastics News Events

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

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

More Events