France's Actimed Group buys film and stock shape maker Westlake Plastics

By Frank Esposito
Senior Staff Reporter

Published: June 4, 2013 4:20 pm ET
Updated: June 4, 2013 4:23 pm ET

Related to this story

Topics Medical, Mergers & Acquisitions, Film & Sheet

French medical products firm Actimed Group has bought a majority stake in plastic film and stock shape maker Westlake Plastics Co. for $6.5 million.

Actimed and Lenni, Pa.-based Westlake Plastics have worked together for 30 years, with Actimed’s MTD unit serving as exclusive distributor for Westlake Plastics in Europe.

Westlake Plastics CEO Randy Altland will remain with the firm after the sale, officials said in a June 4 news release. Westlake “has been in a re-engineering effort the past two years, and now the business has the resources it needs to execute on critical manufacturing and invest in human resources,” Altland said in the release.

Westlake Plastics, founded in 1951, make shapes and film through compression molding and extrusion. Medical is one of the firm’s seven product groups. Westlake offers an industrial product line of rod, slab, film and sheet products.

Machinery industry veteran Michael Kirschnick also recently joined Westlake as national sales manager. He has 30 years of experience with Husky Injection Molding Systems Ltd. and Wittmann Battenfeld Inc.


Comments

France's Actimed Group buys film and stock shape maker Westlake Plastics

By Frank Esposito
Senior Staff Reporter

Published: June 4, 2013 4:20 pm ET
Updated: June 4, 2013 4:23 pm ET

Post Your Comments


Back to story


More stories

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

UPDATED — German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

3i to sell specialty chemicals company Azelis to Apax Partners

February 26, 2015 11:36 am ET

Azelis Holding SA, the specialty chemicals distributor, is being sold by its private equity owners 3i Group plc to another private investment outfit, ...    More

Image

Medical compounder adding two extrusion lines

February 25, 2015 3:49 pm ET

Compounding Solutions LLC plans to add two new co-rotating twin-screw extruders this year to raise its capacity and provide more flexibility.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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