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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Kydex, Allen Extruders joined under Sekisui SPI name

September 17, 2014 4:12 pm ET

Sekisui Chemical Co. Ltd. is combining plastic sheet makers Kydex LLC and Allen Extruders LLC under one roof as Sekisui SPI.    More

Market Reports

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

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

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events