Hilex Poly diversifies with Clondalkin flexible packaging acquisition

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

Related to this story

Topics Mergers & Acquisitions, Grocery bags, Packaging, Extrusion, Film & Sheet

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

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

Sigma's Packworx center geared at helping customers solve problems

September 29, 2014 3:41 pm ET

Sigma Stretch Film has opened a training center to help customers find the best solution to using the packaging films.    More

Image

Early decision on 3-D motion technology goes to National Graphics

September 29, 2014 2:29 pm ET

Even without super powers, technology firm National Graphics Inc. has won a decision in a patent challenge vs. a rival company.    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Market Reports

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 industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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