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

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal...    More

Some medical devices could get faster approval with new FDA rules

April 22, 2014 7:41 pm ET

The U.S. Food and Drug Administration is proposing an expedited approval for medical devices for devices aimed at the diagnosis or treatment of...    More

Image

Two Ohio groups team up to accelerate development of future medical devices

April 22, 2014 9:55 am ET

The Austen BioInnovation Institute in Akron and Cleveland-based design specialists Nottingham Spirk announced a strategic partnership that the two org...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events